Short Interest in Citigroup Inc (NYSE:C) Rises By 6.1%

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Citigroup Inc (NYSE:C) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 19,566,300 shares, a growth of 6.1% from the May 15th total of 18,433,400 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 13,160,000 shares, the short-interest ratio is currently 1.5 days.

NYSE C opened at $71.77 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.36. The firm has a fifty day moving average of $67.50. Citigroup has a twelve month low of $48.42 and a twelve month high of $75.24. The firm has a market capitalization of $165.97 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 0.79 and a beta of 1.74.

Citigroup (NYSE:C) last issued its quarterly earnings results on Monday, April 15th. The financial services provider reported $1.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.09. The firm had revenue of $18.58 billion during the quarter, compared to the consensus estimate of $18.56 billion. Citigroup had a return on equity of 10.05% and a net margin of 18.32%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business posted $1.68 EPS. Sell-side analysts anticipate that Citigroup will post 7.5 earnings per share for the current year.

In related news, CEO Stephen Bird sold 30,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $69.33, for a total transaction of $2,079,900.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. LFA Lugano Financial Advisors SA bought a new position in shares of Citigroup during the 1st quarter worth approximately $27,000. Harvest Group Wealth Management LLC bought a new position in shares of Citigroup during the 1st quarter worth approximately $28,000. Farmers National Bank bought a new position in shares of Citigroup during the 1st quarter worth approximately $34,000. Avestar Capital LLC lifted its position in shares of Citigroup by 35.0% during the 1st quarter. Avestar Capital LLC now owns 610 shares of the financial services provider’s stock worth $33,000 after buying an additional 158 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of Citigroup by 49.5% during the 1st quarter. Sound Income Strategies LLC now owns 619 shares of the financial services provider’s stock worth $38,000 after buying an additional 205 shares in the last quarter. Institutional investors own 75.99% of the company’s stock.

Several equities analysts have recently commented on the company. ValuEngine downgraded Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. BMO Capital Markets upped their target price on Citigroup from $92.00 to $93.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Goldman Sachs Group raised UCB S A/ADR from a “neutral” rating to a “buy” rating in a research report on Thursday, May 30th. Morgan Stanley downgraded GasLog Partners LP Unit from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $23.00 to $18.00 in a research report on Tuesday, April 16th. Finally, Odeon Capital Group assumed coverage on Citigroup in a research report on Wednesday, March 27th. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $79.18.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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