Northern Trust Corporation (NTRS) : Traders are increasing their bearish positions on the stock, as is visible by the 5.6% jump in the outstanding short positions; a total addition of 202,687 shares on the sell side. On Jul 29, 2016, the total short positions were 3,623,678 shares, which went up to 3,826,365 shares by the close of trading on August 15, 2016. It will take 5 days for the bears to roll over or cover. An average of 751,986 shares exchange hands daily. 1.7% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
Northern Trust Corporation (NASDAQ:NTRS): The stock opened at $68.71 on Wednesday but the bulls could not build on the opening and the stock topped out at $69.03 for the day. The stock traded down to $68.19 during the day, due to lack of any buying support eventually closed down at $68.38 with a loss of -0.42% for the day. The stock had closed at $68.67 on the previous day. The total traded volume was 576,666 shares.
In a related news,The officer (EVP/Chief Risk Officer) of Northern Trust Corp, Cohodes Jeffrey D. sold 14,365 shares at $68 on August 17, 2016. The Insider selling transaction had a total value worth of $976,820. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals around the world. The Companys operating segments include Corporate & Institutional Services (C&IS), Wealth Management and Treasury and Other. The Company has a network of offices in 19 states in the United States, Washington, D.C. and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. Asset Management, through the Companys various subsidiaries, supports the C&IS and Wealth Management segments by providing a range of asset management and related services and other products to customers around the world. The Companys subsidiary is The Northern Trust Company.