Canadian Imperial Bank of Commerce (NYSE:CM) Short Interest Decreased By 3.78%

May 18, 2018 - By Susan Price

Canadian Imperial Bank of Commerce (NYSE:CM) Logo

The stock of Canadian Imperial Bank of Commerce (NYSE:CM) registered a decrease of 3.78% in short interest. CM’s total short interest was 9.50M shares in May as published by FINRA. Its down 3.78% from 9.88M shares, reported previously. With 269,800 shares average volume, it will take short sellers 35 days to cover their CM’s short positions.

The stock decreased 0.10% or $0.09 during the last trading session, reaching $91.11. About 160,976 shares traded. Canadian Imperial Bank of Commerce (NYSE:CM) has risen 0.83% since May 18, 2017 and is uptrending. It has underperformed by 10.72% the S&P500.

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial services and products to individual, small business, commercial, corporate, and institutional clients in Canada, the United States, and internationally. The company has market cap of $40.74 billion. The firm operates through four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S. It has a 10.86 P/E ratio. Commercial Banking and Wealth Management; and Capital Markets.

Canadian Imperial Bank of Commerce (NYSE:CM) Ratings Coverage

Among 2 analysts covering Canadian Imperial Bank Of Commerce (NYSE:CM), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Canadian Imperial Bank Of Commerce had 2 analyst reports since December 1, 2017 according to SRatingsIntel. The stock of Canadian Imperial Bank of Commerce (NYSE:CM) has “Outperform” rating given on Friday, December 1 by Credit Suisse. On Tuesday, December 19 the stock rating was upgraded by Barclays Capital to “Overweight”.

More notable recent Canadian Imperial Bank of Commerce (NYSE:CM) news were published by: Fool.ca which released: “The 5-Stock Diversified Portfolio: Where Equity Investors Can Start” on May 09, 2018, also Seekingalpha.com with their article: “Bert’s April Dividend Income Summary” published on May 13, 2018, Fool.ca published: “2 Top Dividend Stocks to Stash in Your TFSA” on April 29, 2018. More interesting news about Canadian Imperial Bank of Commerce (NYSE:CM) were released by: Fool.ca and their article: “Top 3 Canadian Bank Stocks to Buy Before Earnings” published on May 12, 2018 as well as Prnewswire.com‘s news article titled: “This Morning’s Technical Outlook on Banking Stocks — Canadian Imperial Bank of Commerce, Citigroup, Bank of Nova …” with publication date: April 30, 2018.

Canadian Imperial Bank of Commerce (NYSE:CM) Ratings Chart

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