What Next for Ubs Group AG Registered Ordinary Shares (NYSE:UBS) Stock After Increase in Shorted Shares?

May 17, 2018 - By Larry Purdy

UBS Group AG (NYSE:UBS) Logo

The stock of Ubs Group AG Registered Ordinary Shares (NYSE:UBS) registered an increase of 17.84% in short interest. UBS’s total short interest was 9.45 million shares in May as published by FINRA. Its up 17.84% from 8.02M shares, reported previously. With 1.99 million shares average volume, it will take short sellers 5 days to cover their UBS’s short positions. The short interest to Ubs Group AG Registered Ordinary Shares’s float is 0.26%.

It closed at $16.08 lastly. It is down 10.64% since May 17, 2017 and is uptrending. It has underperformed by 0.91% the S&P500.

UBS Group AG, together with its subsidiaries, provides financial advice and solutions clients worldwide. The company has market cap of $60.87 billion. It operates through five divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management, and Investment Bank. It has a 57.02 P/E ratio. The Wealth Management division offers advisory and financial services to wealthy private clients.

More notable recent UBS Group AG (NYSE:UBS) news were published by: Benzinga.com which released: “What Is Intermarket Analysis?” on May 14, 2018, also Bizjournals.com with their article: “JPMorgan keeps board, unveils new details on China strategy” published on May 15, 2018, Globenewswire.com published: “Report: Exploring Fundamental Drivers Behind East West, Southern Copper, UBS Group AG, Scientific Games, Leidos …” on May 14, 2018. More interesting news about UBS Group AG (NYSE:UBS) were released by: Streetinsider.com and their article: “Appaloosa 13F Shows New Stake in Wells Fargo (WFC) and Lam Research (LRCX), Increase in Micron (MU) MGM …” published on May 15, 2018 as well as Seekingalpha.com‘s news article titled: “UBS slips after cautious outlook” with publication date: April 23, 2018.

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