Short Interest Update on Hilltop Holdings (HTH)

Hilltop Holdings (HTH) : The traders have covered their outstanding shorts in Hilltop Holdings (HTH) to the tune of -173,745 shares, a change of -6.9%. As on Jul 29, 2016, the outstanding shorts on the stock were 2,521,826 shares, however, by August 15, 2016, the shorts had reduced to 2,348,081 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 3.2% of the free float of the stock. It takes 11 days to cover the outstanding short positions. The stock has an average daily volume of 215,670 shares. The short interest information was released on Wednesday Aug 24th after the market close.

Hilltop Holdings (NYSE:HTH): The stock opened at $22.27 on Wednesday but the bulls could not build on the opening and the stock topped out at $22.43 for the day. The stock traded down to $22.11 during the day, due to lack of any buying support eventually closed down at $22.16 with a loss of -0.58% for the day. The stock had closed at $22.29 on the previous day. The total traded volume was 234,986 shares.


In a related news, The Securities and Exchange Commission has divulged that Schaffner Jerry, officer (PlainsCapital Bank Pres & CEO) of Hilltop Holdings Inc., had unloaded 6,000 shares at an average price of $21 in a transaction dated on June 6, 2016. The total value of the transaction was worth $126,000.

Hilltop Holdings Inc. is a financial holding Company. The Company provides business and consumer banking services through PlainsCapital Corporation (PlainsCapital). It offers financial products and services through its business units: PlainsCapital, a financial holding company that provides banking services, residential mortgage lending, wealth and investment management and treasury management; Hilltop Securities Holdings LLC, a holding company that provides investment banking and other related financial services, including municipal advisory, sales, trading and underwriting of taxable and tax-exempt fixed income securities, equity trading, clearing, securities lending, structured finance and retail brokerage services, and National Lloyds Corporation, a property and casualty insurance holding company that provides fire and homeowners insurance to low value dwellings and manufactured homes. It operates in four segments: banking, broker-dealer, mortgage origination and insurance.

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