M&T Bank Corporation (MTB) : The short interest in M&T Bank Corporation (MTB) has changed with an increase of 319,279 shares and the open interest is 10.6%. From 3,014,822 short positions on Jul 29, 2016, the shorts increased to 3,334,101 shares by August 15, 2016. There are 4 more days left for the expiry and the daily trading volume of the stock is 821,013 shares. The total interest of shorts is 2.3% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.
M&T Bank Corporation (NYSE:MTB): The stock opened at $117.89 on Wednesday but the bulls could not build on the opening and the stock topped out at $118.58 for the day. The stock traded down to $117.17 during the day, due to lack of any buying support eventually closed down at $117.20 with a loss of -0.69% for the day. The stock had closed at $118.01 on the previous day. The total traded volume was 616,686 shares.
In a related news,The officer (Executive Vice President) of M&T Bank Corp, Todaro Michael J. sold 1,700 shares at $117.57 on August 9, 2016. The Insider selling transaction had a total value worth of $199,869. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
M&T Bank Corporation (M&T) is a bank holding company for M&T Bank and Wilmington Trust, National Association (Wilmington Trust, N.A.). The Companys segments include Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking. The Business Banking segment provides deposit, lending, cash management and other financial services. The Commercial Banking segment offers credit products and banking services for middle-market and commercial customers. Its Commercial Real Estate segment provides credit and deposit services. The Discretionary Portfolio segment includes investment and trading securities, loans and other assets, and borrowed funds. The Residential Mortgage Banking segment originates and services residential mortgage loans. The Retail Banking segment offers a range of services to consumers through delivery channels. It operates over 800 retail and commercial branches, and 1,600 automated teller machines.