What’s Propelling Barclays Plc (NYSE:BCS) After Higher Shorts Reported?

November 10, 2018 - By James Guidry

Barclays PLC (NYSE:BCS) Logo

The stock of Barclays Plc (NYSE:BCS) registered an increase of 6.38% in short interest. BCS’s total short interest was 14.09 million shares in November as published by FINRA. Its up 6.38% from 13.24 million shares, reported previously. With 1.65 million shares average volume, it will take short sellers 9 days to cover their BCS’s short positions. The short interest to Barclays Plc’s float is 0.37%.

The stock decreased 1.51% or $0.14 during the last trading session, reaching $9.15. About 3.41M shares traded. Barclays PLC (NYSE:BCS) has declined 9.48% since November 10, 2017 and is downtrending. It has underperformed by 25.10% the S&P500.

Barclays PLC, through its subsidiaries, provides various financial services and products in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company has market cap of $38.47 billion. The firm operates through Barclays UK and Barclays International divisions. It currently has negative earnings. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.

Barclays PLC (NYSE:BCS) Ratings Coverage

Among 3 analysts covering Barclays (NYSE:BCS), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Barclays had 3 analyst reports since June 19, 2018 according to SRatingsIntel. The stock has “Neutral” rating by Credit Suisse on Friday, November 9. As per Tuesday, June 19, the company rating was downgraded by Bank of America. Berenberg upgraded Barclays PLC (NYSE:BCS) on Monday, October 1 to “Buy” rating.

Another recent and important Barclays PLC (NYSE:BCS) news was published by 247Wallst.com which published an article titled: “Top Analyst Upgrades and Downgrades: ArcelorMittal, Barclays, Cree, Ctrip.com, Michael Kors, PVH, Skyworks …” on November 09, 2018.

Barclays PLC (NYSE:BCS) Ratings Chart

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