trending Market Intelligence /marketintelligence/en/news-insights/trending/AIVZjYhF_43d0uWkuBMY5A2 content esgSubNav
In This List

F.N.B. posts biggest short interest drop in early March

Blog

Insight Weekly: US bank stress tests; cracks in housing market; summer energy supply risks

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Commercial Banking: June 22nd Edition

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy


F.N.B. posts biggest short interest drop in early March

F.N.B. Corp. had the greatest decline in short interest relative to shares outstanding among SNL-covered banks and thrifts between Feb. 28 and March 15.

The percentage of the company's shares held short relative to shares outstanding declined 798 basis points to 7.63% as of March 15. It closed its acquisition of Yadkin Financial Corp. on March 11.

Sterling Bancorp had the greatest jump in short interest relative to shares outstanding among SNL-covered banks and thrifts between Feb. 28 and March 15. The percentage of the company's shares held short relative to shares outstanding increased 268 basis points to 5.90% as of March 15. Sterling announced March 7 that it agreed to acquire Astoria Financial Corp. in an all-stock deal valued at more than $2 billion.

Banc of California Inc. topped the list of most shorted banks and thrifts in the first half of March. The company saw short interest rise 255 basis points to 32.41% of shares outstanding.

SNL Image