saw the biggest increasein short interest relative to shares outstanding among SNL-covered financial servicescompanies between Feb. 29 and March 15.
Shortinterest in the company grew 998 basis points to 16.02% of shares outstanding atthe end of the period. The company recently closedits offering of $190 million of 5.50% convertible senior notes due 2021. Also duringthe period, Moody's downgradedits ratings on the company.
had the greatest drop in short interest, with the percentage of its shares heldshort falling 262 basis points to 13.08% of shares outstanding. During the period,the company announcedthe final results of its modified Dutch auction self-tender offer, under which itaccepted for purchase 7,450 of its shares at a purchase price of $9.40 per share,for a total cost of $70,030, excluding fees and expenses related to the offer.
was the most shortedfinancial services stock during the period. Short interest in the company rose 967basis points to 42.27% of shares outstanding. The company recently a fourth-quarter 2015 net loss attributableto common shareholders of $80.5 million, or 34 cents per share, compared with aloss of $37.1 million, or 25 cents per share, in the fourth quarter of 2014.