Finance

Shorts at Suntrust Banks (NYSE:STI) raised by 4.01%

Suntrust Banks Incorporated (NYSE:STI) had an increase of 4.01{d3504fbcdeb81bdc8fcd95bbbe4a10927085f26f9c7d3b1ab66ca60ecac7168d} in short interest.

STI’s SI was 9.09 million shares in January as released by FINRA. Its up 4.01{d3504fbcdeb81bdc8fcd95bbbe4a10927085f26f9c7d3b1ab66ca60ecac7168d} from 8.74 million shares previously. With 3.07M avg volume, 3 days are for Suntrust Banks Incorporated (NYSE:STI)’s short sellers to cover STI’s short positions.

The stock increased 0.85{d3504fbcdeb81bdc8fcd95bbbe4a10927085f26f9c7d3b1ab66ca60ecac7168d} or $0.56 during the last trading session, reaching $66.24. About 2.89M shares traded. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82{d3504fbcdeb81bdc8fcd95bbbe4a10927085f26f9c7d3b1ab66ca60ecac7168d} since January 4, 2017 and is uptrending. It has outperformed by 10.12{d3504fbcdeb81bdc8fcd95bbbe4a10927085f26f9c7d3b1ab66ca60ecac7168d} the S&P500.

Among 32 analysts covering Suntrust Banks Inc. (NYSE:STI), 13 have Buy rating, 0 Sell and 19 Hold. Therefore 41{d3504fbcdeb81bdc8fcd95bbbe4a10927085f26f9c7d3b1ab66ca60ecac7168d} are positive. Suntrust Banks Inc. had 97 analyst reports since July 20, 2015 according to SRatingsIntel. FBR Capital maintained the shares of STI in report on Monday, January 23 with “Outperform” rating. The firm has “Outperform” rating by Wood given on Wednesday, December 13. On Monday, April 25 the stock rating was maintained by Citigroup with “Neutral”. The stock has “Neutral” rating by Citigroup on Wednesday, October 21. On Monday, October 19 the stock rating was maintained by BMO Capital Markets with “Market Perform”.

The rating was upgraded by UBS to “Buy” on Tuesday, December 12. As per Tuesday, January 2, the company rating was maintained by Robert W. Baird. Jefferies maintained it with “Buy” rating and $6300 target in Thursday, June 8 report. The firm has “Neutral” rating by Compass Point given on Wednesday, November 23. BMO Capital Markets maintained it with “Hold” rating and $6400 target in Friday, July 21 report.

 

About the author

Wilfred Simms

Wilfred Simms

Wilfred Simms is the Senior Editor for Stock Analyst and also covers momentum trends for big cap tech stocks.

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