Ally Financial Incorporated (NYSE:ALLY) Short Interest Increased By 12.52%


The stock of Ally Financial Incorporated (NYSE:ALLY) registered an increase of 12.52% in short interest. ALLY’s total short interest was 12.97M shares in September as published by FINRA. Its up 12.52% from 11.53 million shares, reported previously. With 2.77M shares average volume, it will take short sellers 5 days to cover their ALLY’s short positions. The short interest to Ally Financial Incorporated’s float is 2.71%. The stock decreased 2.00% or $0.4 on September 13, hitting $19.34. About 4.09 million shares traded hands or 44.01% up from the average. Ally Financial Inc (NYSE:ALLY) has risen 19.94% since February 8, 2016 and is uptrending. It has outperformed by 3.45% the S&P500.

Ally Financial Inc. is a financial holding firm and a bank holding company. The company has a market cap of $9.55 billion. The Company’s banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. It currently has negative earnings. The Firm operates through three divisions: Automotive Finance operations, Insurance activities and Mortgage operations.

Out of 9 analysts covering Ally Financial (NYSE:ALLY), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Ally Financial has been the topic of 12 analyst reports since September 16, 2015 according to StockzIntelligence Inc. Macquarie Research initiated the stock on May 11 with “Neutral” rating.

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