The stock of Bank of America Corporation (NYSE:BAC) registered a decrease of 0.64% in short interest. BAC’s total short interest was 96.20M shares in April as published by FINRA. Its down 0.64% from 96.82M shares, reported previously. With 117.96 million shares average volume, it will take short sellers 1 days to cover their BAC’s short positions. The short interest to Bank of America Corporation’s float is 0.92%. The stock is up 0.38% or $0.05 after the news, hitting $13.24 per share. About 35.42M shares traded hands. Bank of America Corp (NYSE:BAC) has declined 19.38% since August 28, 2015 and is downtrending. It has underperformed by 22.21% the S&P500.
Bank of America Corporation is a bank holding firm and a financial holding company. The company has a market cap of $133.47 billion. The Firm is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, firms and Governments with a range of banking, investing, asset management and other financial and risk management services and products. It has 10.31 P/E ratio. Through its banking and various nonbank subsidiaries, it provides a range of banking and nonbank financial services and products.
The institutional sentiment increased to 1.33 in Q3 2015. Its up 0.32, from 1.01 in 2015Q2. The ratio improved, as 82 funds sold all Bank of America Corp shares owned while 453 reduced positions. 122 funds bought stakes while 590 increased positions. They now own 6.30 billion shares or 0.74% less from 6.35 billion shares in 2015Q2.
Mizuho Bank Ltd. holds 56.87% of its portfolio in Bank of America Corp for 31.25 million shares. Boyle Capital Management Llc owns 1.88 million shares or 38.47% of their US portfolio. Moreover, Daily Journal Corp has 28.98% invested in the company for 2.30 million shares. The Netherlands-based Rabobank Nederland Fi has invested 27.83% in the stock. First Trust Bank Ltd., a Bahamas-based fund reported 380,720 shares.
Out of 29 analysts covering Bank of America (NYSE:BAC), 26 rate it “Buy”, 0 “Sell”, while 5 “Hold”. This means 84% are positive. Bank of America was the topic in 36 analyst reports since July 21, 2015 according to StockzIntelligence Inc.
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