Short Interest Update on Synovus Financial (SNV)

Synovus Financial (SNV) : Traders are getting increasingly bearish on Synovus Financial (SNV), as can be seen in the addition of short positions from 2,703,805 on Jul 29, 2016, to 2,772,472 on August 15, 2016. The net change in shorts is 68,667 shares, an increase of 2.5%. 4 days remain before the expiry. The 2.3% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 702,041. The short interest information was released on Wednesday Aug 24th after the market close.

Synovus Financial (NYSE:SNV): The stock opened at $32.17 on Wednesday but the bulls could not build on the opening and the stock topped out at $32.39 for the day. The stock traded down to $32.07 during the day, due to lack of any buying support eventually closed down at $32.15 with a loss of -0.09% for the day. The stock had closed at $32.18 on the previous day. The total traded volume was 429,287 shares.


In a related news, Mcdaniel Liliana C, officer (Chief Accounting Officer) of Synovus Financial Corp, unloaded 300 shares at an average price of $31.77 on August 5, 2016. The total amount of the transaction was worth $9,531, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Synovus Financial Corp. (Synovus) is a financial services and a bank holding company. The Company provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services to its customers through 28 locally branded banking divisions of its wholly owned subsidiary bank, Synovus Bank, and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee. Its retail banking services include accepting customary types of demand and savings deposits; mortgage, installment and other retail loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; Internet-based banking services, and bank credit card services, including MasterCard and Visa services. The Companys commercial banking services include cash management, asset management, capital markets services, institutional trust services and commercial, financial and real estate loans.

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