trending Market Intelligence /marketintelligence/en/news-insights/trending/ovxb_lhjpfo4xrsfm79fda2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Short interest in Chemical Financial and WesBanco declines as deals close

Municipal-Run Fiber Tops 280000 Subscribers In 2018

The Essential Conference 2019 Highlight Reel

Mobile Payment Apps Driving Fintech Frenzy In India

Street Talk Episode 42: Banks losing consumer deposits to fintech, digital platforms, commercial might be next


Short interest in Chemical Financial and WesBanco declines as deals close

Two banksthat recently completed acquisitions experienced the largest declines in shortinterest among SNL-covered U.S. banks and thrifts in the first half ofSeptember.

ForChemical FinancialCorp., which completed its acquisition of on Aug. 31, thepercentage of shares held short relative to shares outstanding dropped 252 basispoints to 4.12% as of Sept. 15. Midland, Mich.-based Chemical Financial's stockclosed at $45.55 on Sept. 15 and had decreased to $43.62 at the close oftrading Sept. 29.

, which its acquisition ofYour Community BanksharesInc. on Sept. 9, saw a 184-basis-point decrease in short interest.Shares of Wheeling, W.Va.-based WesBanco closed at $32.44 on Sept. 15 and wasdown to $32.34 at the close of trading Sept. 29.

posted the biggest jump in short interest relative to shares outstandingbetween Aug. 31 and Sept. 15. The New Orleans-based company saw short interestincrease 174 basis points to 4.73% of shares outstanding at the end of theperiod. Shares in the company closed at $11.27 on Sept. 15, andwere down to $9.21 at the close of trading Sept. 29.

remains themost shorted stock. The San Diego-based company saw short interest slip 129basis points to 35.66% of shares outstanding. Shares of BofI closed at $22.21on Sept. 15 and slid to $22.20 at the close of trading Sept. 29.