3M Company (NYSE:MMM) Short Interest Decreased By 16.8%

The stock of 3M Company (NYSE:MMM) registered a decrease of 16.8% in short interest. MMM’s total short interest was 6.07 million shares in April as published by FINRA. Its down 16.8% from 7.29M shares, reported previously. With 2.53M shares average volume, it will take short sellers 2 days to cover their MMM’s short positions. The short interest to 3M Company’s float is 1.01%. The stock increased 0.46% or $0.77 during the last trading session, hitting $169.55. About 1.15 million shares traded hands. 3M Co (NYSE:MMM) has risen 20.03% since September 11, 2015 and is uptrending. It has outperformed by 13.45% the S&P500.

3M Company is a diversified technology company. The company has a market cap of $103.11 billion.

The institutional sentiment decreased to 0.79 in Q4 2015. Its down 0.11, from 0.9 in 2015Q3. The ratio dived, as 67 funds sold all 3M Co shares owned while 629 reduced positions. 90 funds bought stakes while 462 increased positions. They now own 395.11 million shares or 5.94% less from 420.08 million shares in 2015Q3.

Cb&T Wealth Management holds 65.65% of its portfolio in 3M Co for 145,348 shares. Spinnaker Trust owns 684,618 shares or 14.72% of their US portfolio. Moreover, Somerset Group Llc has 12.11% invested in the company for 75,923 shares. The Minnesota-based White Pine Capital Llc has invested 10.81% in the stock. Atlanta Capital Group, a Georgia-based fund reported 262,763 shares.

Out of 16 analysts covering 3M (NYSE:MMM), 0 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. 3M was the topic in 27 analyst reports since July 24, 2015 according to StockzIntelligence Inc.

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