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

 
 
 

43 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

8 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 ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

8 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 tragedies of MH370 and MH17" ...
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

Veteran journalists hail innovations in world media awards
Beijing, Oct 27 (Xinhua) Winners of the World Media Summit (WMS) Global Awards for Excellence 2014 were announced Monday, including reports on Myanmar and killing sprees in America.
 
 
Chinese lunar orbiter prepares to return home
Beijing, Oct 27 (IANS) An experimental Chinese spacecraft, designed to fly around the moon and back to earth, entered lunar orbit Monday and is making necessary preparations for its trip back home.
 
 
Child tested for Ebola in New York hospital
New York, Oct 27 (IANS/EFE) A five-year-old boy who recently arrived in the US from West Africa was admitted to a New York hospital with a fever and is being tested for the presence of the Ebola virus, media reported Monday.
 
 
Cuba rules out Ebola for expert's death in Guinea
Havana, Oct 27 (IANS) A Cuban expert who died in Guinea was not infected with the Ebola virus, the Cuban health ministry said Monday.
 
 
 

Latest from the Network

Reinartz out for three months with eye injury
Berlin, Oct 27 (IANS) Bundesliga side Bayer Leverkusen will be without their defensive mid-fielder Stefan Reinartz for three months as he fractured his eye socket. The 25-year-old German, who has earned three...
Read more on Sport Balla
 
Pakistan PM urged to probe London rally incident
Islamabad, Oct 27 (IANS) Pakistan Peoples Party (PPP) leader Rehman Malik urged Prime Minister Nawaz Sharif to probe a Kashmir rally incident in London, where Bilawal Bhutto was forced off the stage, media reported...
Read more on Politics Balla
 
Google employee held for 'cyberstalking'
New York, Oct 27 (IANS) A 23-year-old Google employee has been arrested for allegedly cyberstalking a former classmate, a medai report said. According to a San Francisco Chronicle report, Nicholas Rotundo, an internal...
Read more on Politics Balla
 
Indians in Washington celebrate Diwali
Washington, Oct 27 (IANS) The Indian community in Washington celebrated Diwali with the Indian ambassador S. Jaishankar noting how the festival has become part of Indian American community's presence and profile in the...
Read more on Celebrity Balla
 
Astronomers produce first images of exploding stellar fireball
Washington, Oct 27 (IANS) The expansion of thermonuclear fireball from a nova that erupted last year in the constellation Delphinus was more complicated than the simple models used previously would have predicted,...
Read more on Business Balla
 
Paul Allen Donates At Least $100M to Fight Ebola Virus
Paul Allen has just made himself a certified crusader against the deadly Ebola virus.Allen, the Portland Trail Blazers and Seattle Seahawks owner, pledged to donate "at least $100 million" to Tackle Ebola. He wrote a...
Read more on Sport Balla
 
Spanish La Liga standings
Madrid, Oct 27 (IANS) Following are the Spanish La Liga standings after Sunday's matches (tabulated under matches played, won, drawn, lost, goals for, goals against, points), according to Xinhua. Barcelona 9...
Read more on Sport Balla
 
China stocks open lower
Beijing, Oct 27 (IANS) Chinese stocks opened lower Monday with the benchmark Shanghai Composite Index opening at 2,293.57 points, down 8.71 points or 0.38 percent. The Shenzhen Component Index opened at 7,881.01, down...
Read more on Business Balla
 
Italian Serie A results
Rome, Oct 27 (IANS) Following are the collated results of Italy's Serie A matches Sunday, according to Xinhua. Chievo lost to Genoa 1-2 Juventus bt Palermo 2-0 Udinese bt Atalanta 2-0 Cesena lost to Inter Milan 0-1...
Read more on Sport Balla
 
China mulls scrapping death penalty for 9 crimes
Beijing, Oct 27 (IANS) Chinese lawmakers are considering to remove the death penalty for nine crimes, including smuggling weapons and nuclear materials. The draft amendment to the Criminal Law was submitted Monday to...
Read more on Politics Balla