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Short interest increases in LendingClub

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Short interest increases in LendingClub

LendingClub Corp.saw the greatest increase in short interest relative to shares outstanding amongSNL-covered financial services companies between June 15 and June 30.

The company posted short interest growth of 311 basis pointsto 17.15% of shares outstanding at June 30. At the start of the period, former CEORenaud Laplanche sold1.2 million of the company's shares with a value of about $5.3 million. He had in May after an internalreview revealed staff tampering with loan applications and his financial interestin a fund that bought LendingClub loans that he failed to disclose.

Everi HoldingsInc. saw the steepest decline in short interest. The percentage of thecompany's shares held short relative to shares outstanding fell 400 basis pointsto 1.11%.

Square Inc.was the most-shorted financial services stock, with short interest in the companyincreasing 105 basis points to 38.22% of shares outstanding at the end of the period.

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