What Next for Popular Inc (NASDAQ:BPOP) Stock After Increase in Shorted Shares?

May 18, 2018 - By Gloria Calhoun

Popular, Inc. (NASDAQ:BPOP) Logo

Investors sentiment decreased to 0.9 in Q4 2017. Its down 0.68, from 1.58 in 2017Q3. It is negative, as 42 investors sold Popular, Inc. shares while 65 reduced holdings. 36 funds opened positions while 60 raised stakes. 85.70 million shares or 3.71% less from 89.00 million shares in 2017Q3 were reported.
State Board Of Administration Of Florida Retirement reported 0.01% stake. Parametric Associates Ltd Company reported 377,010 shares or 0.01% of all its holdings. Jane Street Grp Inc Ltd Limited Liability Company accumulated 24,711 shares. Barclays Public Ltd Co holds 69,021 shares. Lsv Asset Management reported 0.03% of its portfolio in Popular, Inc. (NASDAQ:BPOP). Robeco Institutional Asset Bv has invested 0.01% in Popular, Inc. (NASDAQ:BPOP). Brandes Investment Prtnrs Limited Partnership invested 0.17% in Popular, Inc. (NASDAQ:BPOP). Rhumbline Advisers has 93,827 shares for 0.01% of their portfolio. 47,926 are owned by Sei Invests. Loomis Sayles Lp has 764,449 shares. Intl Grp invested in 2,106 shares or 0% of the stock. Employees Retirement Association Of Colorado invested in 20,345 shares. Citigroup Inc owns 195,042 shares or 0.01% of their US portfolio. Credit Agricole S A holds 0.07% of its portfolio in Popular, Inc. (NASDAQ:BPOP) for 28,000 shares. Wells Fargo & Mn stated it has 326,616 shares.

The stock of Popular Inc (NASDAQ:BPOP) registered an increase of 13.65% in short interest. BPOP’s total short interest was 2.78 million shares in May as published by FINRA. Its up 13.65% from 2.44 million shares, reported previously. With 911,700 shares average volume, it will take short sellers 3 days to cover their BPOP’s short positions. The short interest to Popular Inc’s float is 2.76%.

The stock decreased 0.13% or $0.06 during the last trading session, reaching $47.04. About 10,877 shares traded. Popular, Inc. (NASDAQ:BPOP) has risen 6.76% since May 18, 2017 and is uptrending. It has underperformed by 4.79% the S&P500.

Popular, Inc., through its subsidiaries, provides various retail, mortgage, and commercial banking services and products primarily to institutional and retail customers. The company has market cap of $4.81 billion. The firm accepts various deposit products. It has a 46.12 P/E ratio. It also offers commercial and industrial loans; commercial real estate loans; construction loans; lease financing comprising automobile loans/leases; residential mortgage loans; and consumer loans, including personal loans, credit cards, home equity lines of credit, and other loans to individual borrowers.

Popular, Inc. (NASDAQ:BPOP) Ratings Coverage

Among 8 analysts covering Popular Inc (NASDAQ:BPOP), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Popular Inc had 21 analyst reports since November 28, 2017 according to SRatingsIntel. The company was upgraded on Tuesday, November 28 by Keefe Bruyette & Woods. The firm has “Buy” rating by Piper Jaffray given on Tuesday, February 27. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, December 13. The stock has “Buy” rating by BTIG Research on Wednesday, February 14. On Tuesday, April 24 the stock rating was maintained by BTIG Research with “Buy”. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, January 26 report. The stock of Popular, Inc. (NASDAQ:BPOP) earned “Buy” rating by Piper Jaffray on Tuesday, April 24. Wood upgraded the shares of BPOP in report on Tuesday, November 28 to “Outperform” rating. Keefe Bruyette & Woods maintained Popular, Inc. (NASDAQ:BPOP) rating on Wednesday, April 25. Keefe Bruyette & Woods has “Buy” rating and $5100 target. Barclays Capital maintained it with “Overweight” rating and $51 target in Wednesday, April 25 report.

More news for Popular, Inc. (NASDAQ:BPOP) were recently published by: Seekingalpha.com, which released: “Popular’s (BPOP) CEO Ignacio Alvarez on Q1 2018 Results – Earnings Call Transcript” on April 24, 2018. Seekingalpha.com‘s article titled: “Popular, Inc. 2018 Q1 – Results – Earnings Call Slides” and published on April 24, 2018 is yet another important article.

Popular, Inc. (NASDAQ:BPOP) Institutional Positions Chart

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