UBS AG (UBS) Short Interest Down 46.1% in October
UBS AG (NYSE:UBS) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 8,108,165 shares, a drop of 46.1% from the October 14th total of 15,049,772 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 1,790,309 shares, the short-interest ratio is presently 4.5 days.
A number of equities research analysts have commented on UBS shares. Keefe, Bruyette & Woods raised UBS AG from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 10th. Royal Bank Of Canada raised UBS AG from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, October 5th. Zacks Investment Research cut UBS AG from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Barclays PLC reaffirmed a “buy” rating on shares of UBS AG in a research report on Sunday, September 11th. Finally, BNP Paribas reaffirmed a “sell” rating on shares of UBS AG in a research report on Monday, September 12th. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $15.73.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of UBS AG during the third quarter valued at about $114,000. IFP Advisors Inc raised its position in shares of UBS AG by 44.1% in the second quarter. IFP Advisors Inc now owns 8,494 shares of the company’s stock valued at $110,000 after buying an additional 2,598 shares in the last quarter. First Interstate Bank raised its position in shares of UBS AG by 160.2% in the second quarter. First Interstate Bank now owns 9,250 shares of the company’s stock valued at $119,000 after buying an additional 5,695 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in shares of UBS AG during the second quarter valued at about $134,000. Finally, Rehmann Capital Advisory Group purchased a new position in shares of UBS AG during the second quarter valued at about $135,000. 27.07% of the stock is owned by hedge funds and other institutional investors.
Shares of UBS AG (NYSE:UBS) opened at 15.89 on Friday. The company has a market capitalization of $58.94 billion, a price-to-earnings ratio of 17.16 and a beta of 1.27. The company’s 50-day moving average price is $13.87 and its 200-day moving average price is $14.17. UBS AG has a one year low of $11.93 and a one year high of $19.94.
UBS AG Company Profile
UBS Group AG (UBS) is a holding company. The Company provides a range of financial services, including advisory services, underwriting, financing, market-making, asset management and brokerage on a global level, and retail banking in Switzerland. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank.
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