Short interest increases in Citigroup

There has been an increase in the percentage of Citigroup's (C) shares on loan to short investors over the past eight weeks. This morning, the New York financial services giant reported a Q1 loss available to common-share holders of 18c a share, according to Market Watch. This loss 'reflected the reset in January 2009 of the conversion price of the $12.5 billion convertible preferred-stock issued in a private offering in January 2008,' the bank reported.

Between February 27 and March 17 the percentage of the bank on loan went from 2% to 17%. Shares fell from $4 to $1 between February 6 and March 9. However, since then, the price has rebounded up to $4 again, dropping off slightly over the last week.

 

Comments

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With the help of the graph i get the ups and downs in the financial services market. So thanks for this article.

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It is a very important part of the equation when looking at this stuff. For example the borrow cost of Sears was 36% per annum recently. You do not want to short that one unless your time frame is very short. If you are looking for a short name check with your broker as to the cost of borrowing. If it is a big number then caveat emptor.

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How much Citigroup Stock did the US tax payers buy today?
Citigroup is up today, somebody is buying it, but do they know what they have bought?

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Nice and superb post about an increase in the percentage of Citigroup's shares on loan to short investors, Thanks for this nice blog.

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Thanks for giving a short discussion on citigroup market trend.

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No offense, but if there's a facebook like button, it'll be much easier for me to share.

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I had this website saved a while in the past but my computer crashed.