INTL FCStone Inc. (INTL) Short Interest Update
INTL FCStone Inc. (NASDAQ:INTL) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totalling 492,175 shares, a drop of 21.2% from the August 31st total of 624,372 shares. Based on an average daily volume of 81,508 shares, the days-to-cover ratio is currently 6.0 days. Currently, 3.4% of the company’s stock are sold short.
In other news, CEO Philip Andrew Smith sold 1,300 shares of INTL FCStone stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $37.01, for a total value of $48,113.00. Following the completion of the transaction, the chief executive officer now owns 139,814 shares in the company, valued at approximately $5,174,516.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Malcolm James Wilde sold 10,000 shares of INTL FCStone stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $36.50, for a total value of $365,000.00. Following the completion of the transaction, the chief executive officer now owns 52,698 shares of the company’s stock, valued at approximately $1,923,477. The disclosure for this sale can be found here. Company insiders own 20.66% of the company’s stock.
INTL FCStone (NASDAQ:INTL) opened at 38.85 on Friday. INTL FCStone has a 12 month low of $24.27 and a 12 month high of $39.67. The stock has a 50 day moving average price of $36.87 and a 200 day moving average price of $29.91. The firm has a market cap of $715.35 million, a price-to-earnings ratio of 12.55 and a beta of 1.55.
About INTL FCStone
INTL Fcstone Inc is a financial services company. The Company provides financial products, and advisory and execution service. The Company operates through five segments: Commercial Hedging, Global Payments, Securities, Physical Commodities, and Clearing and Execution Services (CES). The Commercial Hedging segment serves its commercial clients through its team of risk management consultants.
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