Procurement News Notice |
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| PNN | 2874 |
| Work Detail | AmTrust Financial Services (AFSI) : Traders are increasing their bearish positions on the stock, as is visible by the 3.2% jump in the outstanding short positions; a total addition of 170,084 shares on the sell side. On Jul 29, 2016, the total short positions were 5,361,160 shares, which went up to 5,531,244 shares by the close of trading on August 15, 2016. It will take 7 days for the bears to roll over or cover. An average of 761,655 shares exchange hands daily. 7% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close. AmTrust Financial Services (NASDAQ:AFSI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.84 and $25.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.84, notching a gain of 0.39% for the day. The total traded volume was 549,311 . The stock had closed at $25.74 on the previous day. In a related news,The officer (SVP, GC and Secretary) of Amtrust Financial Services, Inc., Ungar Stephen sold 5,000 shares at $25.93 on August 15, 2016. The Insider selling transaction had a total value worth of $129,650. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Amtrust Financial Services, Inc. is an insurance holding company. Through its wholly owned subsidiaries, the Company provides specialty property and casualty insurance focusing on workers compensation and commercial package coverage for small business, specialty risk and extended warranty coverage, and property and casualty coverage for middle market business. The Company operates through three segments. The Small Commercial Business segment provides workers compensation and commercial package and other property and casualty insurance products. The Specialty Risk and Extended Warranty segment provides coverage for consumer and commercial goods and custom designed coverages, such as accidental damage plans and payment protection plans. The Specialty Program segment provides workers compensation, package products, general liability, commercial auto liability, excess and surplus lines programs and other specialty commercial property and casualty insurance. |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 03 Sep 2016 |
| Source | http://www.themarketdigest.org/201608/short-interest-update-on-amtrust-financial-services-afsi/3143488/ |
