Short Interest Update on Raymond James Financial (RJF)

Raymond James Financial (RJF) : 4 days before expiry, shorts in Raymond James Financial (RJF) have reduced from 2,171,680 on Jul 29, 2016, to 2,161,143 on August 15, 2016. On an average, 499,780 shares are traded on the exchange. The outstanding bearish positions are equal to 1.7% of the float. Short sellers have covered -10,537 shares, a reduction of -0.5%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Raymond James Financial (NYSE:RJF): The stock opened at $56.36 on Wednesday but the bulls could not build on the opening and the stock topped out at $56.57 for the day. The stock traded down to $56.13 during the day, due to lack of any buying support eventually closed down at $56.20 with a loss of -0.23% for the day. The stock had closed at $56.33 on the previous day. The total traded volume was 416,078 shares.


In a related news, Elwyn Tashtego S, officer (President – RJA) of Raymond James Financial Inc, unloaded 3,791 shares at an average price of $56.72 on August 17, 2016. The total amount of the transaction was worth $215,026, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Raymond James Financial, Inc., is a financial services company providing private client, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The Company operates in five reportable segments: Private Client Group; Capital Markets; Asset Management; RJ Bank, and the Other Segment. Private Client Group, offers securities transaction and financial planning services. Capital Markets, consist of equity, fixed income products and services. Asset Management, offers investment advisory services for individual and institutional investment portfolios, along with mutual funds. RJ Bank, provides corporate, SBL and residential loans, as well as FDIC insured deposit accounts, to clients of broker-dealer subsidiaries and to general public. Other Segment, includes principal capital and private equity activities, corporate overhead costs of Raymond James Financial such as interest cost on public debt, and the acquisition and integration costs.

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