Short Interest Update on FXCM (FXCM)

FXCM (FXCM) : Traders are negative on FXCM (FXCM), as it has 9.7% of short positions outstanding compared to its float. The total shorts have reduced by -47,485 shares, which is a -8.5% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,560,054 to 512,569 shares. While the daily trading volume of the stock is 44,315, there are 12 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

FXCM (NYSE:FXCM): The stock opened at $9.39 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.42 for the day. The stock traded down to $8.91 during the day, due to lack of any buying support eventually closed down at $8.97 with a loss of -4.27% for the day. The stock had closed at $9.37 on the previous day. The total traded volume was 69,659 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Fxcm Inc., Silverman Ryan, had purchased 4,200 shares in a transaction dated on June 14, 2016. The transaction was executed at $8.22 per share with total amount equaling $34,524.

FXCM Inc. is an online provider of foreign exchange (FX) trading and related services. The Company offers access to over-the-counter (OTC) FX markets through its technology platform. In its agency model, when the Companys customer executes a trade on the price quotation offered by its FX market makers, the Company acts as a credit intermediary simultaneously entering into offsetting trades with both the customer and the FX market maker. The Companys retail trading segment consists of providing FX trading and related services to retail customers, while the institutional trading segment offers FX trading services to banks, hedge funds and other institutional customers on an agency model basis. The Company owns approximately 50.1% controlling interest in each of Lucid Markets Trading Limited, an electronic market-maker and trader in the institutional foreign exchange spot and futures market, and V3 Markets, an electronic market-maker and trader of products.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.