It Seems Bgc Partners Inc – Class A (NASDAQ:BGCP) Will Go Down. Just Reported More Shorted Shares

May 17, 2018 - By Jason Grubb

BGC Partners, Inc. (NASDAQ:BGCP) Logo

Investors sentiment decreased to 1.24 in Q4 2017. Its down 0.25, from 1.49 in 2017Q3. It fall, as 26 investors sold BGC Partners, Inc. shares while 81 reduced holdings. 51 funds opened positions while 82 raised stakes. 128.65 million shares or 5.48% more from 121.96 million shares in 2017Q3 were reported.
Legal And General Group Public Ltd Liability Com invested in 0% or 124,350 shares. Meeder Asset has 66,289 shares for 0.08% of their portfolio. Goldman Sachs Gp invested in 3.85M shares or 0.01% of the stock. Horizon Kinetics, New York-based fund reported 733,460 shares. James Inv Rech Inc accumulated 130,170 shares or 0.07% of the stock. Apg Asset Nv invested in 685,400 shares. Jpmorgan Chase has invested 0.01% in BGC Partners, Inc. (NASDAQ:BGCP). Bnp Paribas Arbitrage holds 8,777 shares or 0% of its portfolio. Hbk Invests Limited Partnership reported 0.02% of its portfolio in BGC Partners, Inc. (NASDAQ:BGCP). Cahill Finance holds 0.14% or 18,045 shares. Regent Invest Mngmt Ltd stated it has 13,000 shares or 0.06% of all its holdings. Price T Rowe Associates Inc Md holds 0% or 71,333 shares in its portfolio. Schnieders Cap Mngmt Limited Company holds 0.15% or 23,450 shares. Moreover, Pnc Fincl Svcs Grp Inc Inc has 0% invested in BGC Partners, Inc. (NASDAQ:BGCP). Scotia Cap invested 0.01% of its portfolio in BGC Partners, Inc. (NASDAQ:BGCP).

The stock of Bgc Partners Inc – Class A (NASDAQ:BGCP) registered an increase of 26.83% in short interest. BGCP’s total short interest was 2.82 million shares in May as published by FINRA. Its up 26.83% from 2.22 million shares, reported previously. With 1.34 million shares average volume, it will take short sellers 2 days to cover their BGCP’s short positions. The short interest to Bgc Partners Inc – Class A’s float is 1.26%.

The stock increased 0.82% or $0.1 during the last trading session, reaching $12.26. About 3.31 million shares traded or 52.39% up from the average. BGC Partners, Inc. (NASDAQ:BGCP) has risen 22.29% since May 17, 2017 and is uptrending. It has outperformed by 10.74% the S&P500.

BGC Partners, Inc. operates as a brokerage firm servicing the financial and real estate markets worldwide. The company has market cap of $4.52 billion. It operates in two divisions, Financial Services and Real Estate Services. It has a 73.86 P/E ratio. The Financial Services segment provides brokerage services for fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products.

Another recent and important BGC Partners, Inc. (NASDAQ:BGCP) news was published by Seekingalpha.com which published an article titled: “BGC Partners’ (BGCP) CEO Howard Lutnick on Q1 2018 Results – Earnings Call Transcript” on May 04, 2018.

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