Could Citigroup Incorporated (NYSE:C) Change Direction After Less Shorts?

September 17, 2017 - By Hazel Jackson

 Could Citigroup Incorporated (NYSE:C) Change Direction After Less Shorts?

Investors sentiment increased to 1.12 in 2016 Q4. Its up 0.29, from 0.83 in 2016Q3. It is positive, as 54 investors sold Citigroup Inc shares while 430 reduced holdings. 161 funds opened positions while 382 raised stakes. 2.00 billion shares or 1.65% more from 1.97 billion shares in 2016Q3 were reported.
Motco holds 0% or 500 shares in its portfolio. Aperio Gru Limited accumulated 1.09 million shares or 0.5% of the stock. Moreover, Trinity Street Asset Ltd Liability Partnership has 7.39% invested in Citigroup Inc (NYSE:C). Fund Mgmt Sa has invested 0.17% in Citigroup Inc (NYSE:C). Td Asset Mngmt accumulated 1.19 million shares. Logan Capital Mgmt invested in 0.02% or 3,509 shares. Growth Mngmt Limited Partnership reported 3.15 million shares. Trustco National Bank N Y owns 0.31% invested in Citigroup Inc (NYSE:C) for 5,278 shares. Martingale Asset Lp stated it has 212,495 shares. Tcw Gp holds 1.78% or 3.98 million shares. Clear Harbor Asset Mgmt Limited Liability Company reported 4,953 shares stake. Psagot House Limited stated it has 81,284 shares. Eagle Cap Management Limited Co reported 6.31% stake. Fcg Advsr Limited Liability Corporation accumulated 0.17% or 6,444 shares. Burke Herbert State Bank Tru holds 0.41% or 7,566 shares.

The stock of Citigroup Incorporated (NYSE:C) registered a decrease of 0.45% in short interest. C’s total short interest was 22.95 million shares in September as published by FINRA. Its down 0.45% from 23.05 million shares, reported previously. With 12.54M shares average volume, it will take short sellers 2 days to cover their C’s short positions.

The stock decreased 0.33% or $0.23 on September 15, reaching $69.04. About 18.36 million shares traded or 25.15% up from the average. Citigroup Inc (NYSE:C) has risen 35.60% since September 17, 2016 and is uptrending. It has outperformed by 18.90% the S&P500.

Citigroup Inc. is a financial services holding company. The company has market cap of $188.10 billion. The Company’s whose businesses provide consumers, firms, governments and institutions with a range of financial services and products, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. It has a 13.77 P/E ratio. The Firm operates through two divisions: Citicorp and Citi Holdings.

Citigroup Inc (NYSE:C) Ratings Coverage

Among 33 analysts covering Citigroup Inc. (NYSE:C), 18 have Buy rating, 2 Sell and 13 Hold. Therefore 55% are positive. Citigroup Inc. had 83 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, June 6 the stock rating was maintained by Jefferies with “Hold”. On Tuesday, October 6 the stock rating was maintained by Oppenheimer with “Outperform”. The stock of Citigroup Inc (NYSE:C) earned “Buy” rating by Guggenheim on Monday, November 30. The stock of Citigroup Inc (NYSE:C) has “Buy” rating given on Sunday, July 16 by Renaissance Macro Securities LLC. The stock of Citigroup Inc (NYSE:C) has “Buy” rating given on Friday, August 28 by Guggenheim. On Tuesday, January 19 the stock rating was maintained by RBC Capital Markets with “Outperform”. The company was downgraded on Friday, September 16 by Goldman Sachs. Berenberg initiated the shares of C in report on Wednesday, July 13 with “Buy” rating. The rating was maintained by Keefe Bruyette & Woods with “Outperform” on Tuesday, January 19. On Friday, August 18 the stock rating was maintained by RBC Capital Markets with “Buy”.

More important recent Citigroup Inc (NYSE:C) news were published by: Reuters.com which released: “Citigroup sees third-quarter markets revenue down 15 percent vs year-earlier” on September 11, 2017, also Seekingalpha.com published article titled: “Why You Need To Buy This Citi Breakout”, Seekingalpha.com published: “Citigroup: This Won’t End Well” on September 01, 2017. More interesting news about Citigroup Inc (NYSE:C) was released by: Investorplace.com and their article: “A Top Is Forming in Citigroup Inc (C) Stock” with publication date: September 08, 2017.

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