Barclays PLC (NYSE:BCS) Sees Significant Decrease in Short Interest

Barclays PLC (NYSE:BCS) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 5,469,177 shares, a decline of 38.9% from the December 15th total of 8,951,665 shares. Based on an average daily volume of 4,996,407 shares, the short-interest ratio is presently 1.1 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 4,996,407 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On Barclays

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Twin Peaks Wealth Advisors LLC bought a new stake in Barclays during the second quarter worth $27,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Barclays during the 2nd quarter worth $28,000. Mather Group LLC. purchased a new position in shares of Barclays in the 3rd quarter worth about $30,000. Salomon & Ludwin LLC grew its position in Barclays by 2,673.6% during the third quarter. Salomon & Ludwin LLC now owns 1,470 shares of the financial services provider’s stock valued at $31,000 after buying an additional 1,417 shares during the period. Finally, True Wealth Design LLC purchased a new stake in Barclays during the third quarter worth about $31,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Barclays Stock Up 1.1%

NYSE BCS traded up $0.29 on Friday, reaching $26.19. The company had a trading volume of 3,558,554 shares, compared to its average volume of 4,486,206. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 5.94. The company’s fifty day moving average is $23.97 and its 200 day moving average is $21.45. Barclays has a 52-week low of $12.14 and a 52-week high of $26.64. The stock has a market capitalization of $90.78 billion, a P/E ratio of 12.07, a P/E/G ratio of 0.40 and a beta of 0.98.

Barclays (NYSE:BCS) last posted its earnings results on Tuesday, September 30th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter. Barclays had a net margin of 21.26% and a return on equity of 8.19%. The firm had revenue of $9.21 billion during the quarter. Sell-side analysts anticipate that Barclays will post 2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on BCS shares. Citigroup restated a “neutral” rating on shares of Barclays in a research note on Monday, December 1st. Weiss Ratings restated a “buy (b-)” rating on shares of Barclays in a report on Tuesday, December 23rd. Zacks Research lowered Barclays from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Royal Bank Of Canada reissued an “outperform” rating on shares of Barclays in a research report on Thursday, October 23rd. Finally, Morgan Stanley restated an “overweight” rating on shares of Barclays in a report on Monday, November 24th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Barclays currently has a consensus rating of “Moderate Buy”.

About Barclays

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.