Short Interest Update on Brown & Brown (BRO)

Brown & Brown (BRO) has 3,378,432 shares of shorts outstanding as on August 15, 2016, with 7 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 3,524,272 shares. The stock has a decent trading volume of 458,008 shares daily. The marginal decrease in the short positions is by -4.1%, which amounts to -145,840 shares. Short positions are 2.9% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

Brown & Brown (NYSE:BRO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.69 and $36.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.85, notching a gain of 0.27% for the day. The total traded volume was 399,155 . The stock had closed at $36.75 on the previous day.


In a related news, The Officer (Evp And Pres. Wholesale Div.), of BROWN & BROWN INC, Strianese Anthony T had unloaded 1,444 shares at $37.02 per share in a transaction on June 30, 2016. The total value of transaction was $53,457. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Brown & Brown Inc. is a diversified insurance agency wholesale brokerage insurance programs and service organization. The Company markets and sells insurance products and services in the property casualty and employee benefits areas. The Companys has four operating segments: the Retail Division provides insurance products and services to commercial public entity professional and individual customers; the National Programs Division provides professional liability and related package products for certain professionals and markets targeted products and services to industries trade groups public entities and market niches; the Wholesale Brokerage Division markets and sells excess and surplus commercial and personal insurance and reinsurance through agents and brokers; and the Services Division provides customers with thirdparty claims administration consulting for the workers compensation insurance market comprehensive medical utilization management services.

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