360° Coverage : Chubb Stock Sees Short Interest Move 12% Lower

2 Updates

Chubb Stock Sees Short Interest Move 12% Lower

Dec 26 2013, 10:39am CST | by

The most recent short interest data has been released by the NASDAQ for the 12/13/2013 settlement date, which shows a 527,410 share decrease in total short interest for Chubb Corp. (NYSE: CB), to 3,...

Filed under: news

 
 
 

37 weeks ago

Chubb Stock Sees Short Interest Move 12% Lower

Dec 26 2013, 10:39am CST | by

The most recent short interest data has been released by the NASDAQ for the 12/13/2013 settlement date, which shows a 527,410 share decrease in total short interest for Chubb Corp. (NYSE: CB), to 3,868,689, a decrease of 12.00% since 11/29/2013. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the “days to cover” metric because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. Average daily volume for CB at the 12/13/2013 settlement increased to 1,117,631, as compared to 697,976 at the 11/29/2013 report. That brought “days to cover” down to 3.46, a 45.04% decrease from the 6.30 days to cover calculated at the previous short interest data release.

Start slideshow:
Top 25 S.A.F.E. Dividend Stocks »/>

The below chart shows the historical “days to cover” for CB at previous short interest release dates:

A decreased “days to cover” value could indicate that short sellers are no longer expecting the same decline in stock price they once were, or it could also indicate a long bet elsewhere was closed where CB had been shorted as a hedge.

The chart below shows the one year performance of CB shares, versus its 200 day moving average. Looking at this chart, CB’s low point in its 52 week range is $74.00 per share, with $97.79 as the 52 week high point — that compares with a last trade of $95.42.

CB makes up 7.51% of the KBW Property & Casualty Insurance Portfolio ETF (KBWP)

In afternoon trading Thursday, CB was up about 0.2% on the day.

Source: Forbes Business

 
Update
2

2 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing the workforce of 20,000 by 30 per ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

2 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

NASA spacecraft to reach Mars this weekend
Washington, Sep 18 (IANS) US space agency NASA said Wednesday its Mars Atmosphere and Volatile Evolution (MAVEN) spacecraft will enter orbit around the Red Planet this weekend.
 
 
Russia's Gazprom to sign gas supply contract with China
Moscow, Sep 18 (IANS) Russian energy giant Gazprom have planned to sign a 30-year gas supply contract with China via the western route, the company's CEO Alexei Miller said Wednesday.
 
 
East African countries vow to preven Ebola
Nairobi, Sep 18 (IANS) Ministers of health, transport and immigration from five eastern African countries Wednesday vowed to strengthen measures that would prevent spread of Ebola virus in the region.
 
 
World Bank warns Ebola's economic impact in West Africa
Washington, Sep 18 (IANS) The Ebola virus that has become rampant in West Africa will enormously hurt fragile economic growth of the three hard-hit nations of Guinea, Liberia, and Sierra Leone if it goes unchecked, the World Bank warned Wednesday.
 
 
 

Latest from the Network

Beyonce, Jay Z working on new album?
Los Angeles, Sep 18 (IANS) Singer Beyoncé Knowles and her estranged husband-rapper Jay Z are reportedly teaming up to create a special album together. Karli Henriquez, vice president of Pop Programming at Dash Radio,...
Read more on Celebrity Balla
 
Mendes, Gosling cried after baby's birth
Los Angeles, Sep 18 (IANS) Actors Eva Mendes and Ryan Gosling got so emotional after the birth of their daughter that they burst into tears. The couple, who have been dating since September 2011, reportedly overcame...
Read more on Celebrity Balla
 
House okay's Obama's plan to train, equip Syrian rebels
Washington, Sep 18 (IANS) The US House of Representatives Wednesday approved President Barack Obama's plan to train and equip Syrian rebels as part of efforts to fight the Islamic State militant group. The chamber...
Read more on Politics Balla
 
Pro-Britain, independence supporters put final efforts
Edinburgh, Sep 18 (IANS) Both sides in the Scottish referendum campaign have held rallies Wednesday as they make their final efforts to win over undecided voters, BBC reported. Independence supporters attended a mass...
Read more on Politics Balla
 
Chad Kroeger and Avril Lavigne have trust issues
Avril Lavigne and Chad Kroeger reportedly have major trust issues. The couple, whose 14-month marriage is allegedly on the rocks, are said to have been ''fighting a lot'' in recent months because they are both very...
Read more on Celebrity Balla
 
Whitney Port is relaxed about wedding
Whitney Port says she never dreamed of having a ''fairytale wedding.'' The former 'The Hills' star, who is engaged to Tim Rosenman, insists she isn't stressed out about their upcoming nuptials and only recently started...
Read more on Celebrity Balla
 
Kristen Wigg is dating Scott Speedman
Kristen Wiig is rumored to be dating Scott Speedman. The 'Bridesmaids' star, who split from The Strokes rocker Fabrizio Moretti last year after 18-months together, and the former 'Felicity' actor have reportedly been ''...
Read more on Celebrity Balla
 
Ashley Tisdale French's wedding was 'romantic'
Ashley Tisdale French's wedding was ''rustic and romantic.'' The 29-year-old actress married rocker Christopher French near Santa Barbara, California last week, in front of 100 guests, including former '90210' star...
Read more on Celebrity Balla
 
Post motherhood, Hilary Duff feels 'strong as hell'
Los Angeles, Sep 18 (IANS) Singer-actress Hilary Duff says she has found new confidence after becoming a mother. The 26-year-old has a two-and-a-half-year-old son Luca Cruz. "One of the coolest things about being a...
Read more on Celebrity Balla
 
NASA spacecraft to reach Mars this weekend
Washington, Sep 18 (IANS) US space agency NASA said Wednesday its Mars Atmosphere and Volatile Evolution (MAVEN) spacecraft will enter orbit around the Red Planet this weekend. The spacecraft has completed a 10-month...
Read more on Apple Balla