What’s in Chemung Financial Corporation (NASDAQ:CHMG) After Rise in Shorted Shares?

December 9, 2017 - By Stephen Andrade

 What’s in Chemung Financial Corporation (NASDAQ:CHMG) After Rise in Shorted Shares?

Investors sentiment decreased to 1.6 in Q2 2017. Its down 1.13, from 2.73 in 2017Q1. It is negative, as 0 investors sold Chemung Financial Corporation shares while 15 reduced holdings. 7 funds opened positions while 17 raised stakes. 1.34 million shares or 2.81% more from 1.30 million shares in 2017Q1 were reported.
Amer Group Inc reported 0% of its portfolio in Chemung Financial Corporation (NASDAQ:CHMG). Manufacturers Life Insur Com The holds 0% or 27 shares in its portfolio. Morgan Stanley reported 11,711 shares or 0% of all its holdings. First Manhattan Co owns 102,275 shares. Raymond James Fincl Advsrs stated it has 0% in Chemung Financial Corporation (NASDAQ:CHMG). Bridgeway Cap Inc has 53,898 shares for 0.03% of their portfolio. Dimensional Fund Advsr Lp has 0% invested in Chemung Financial Corporation (NASDAQ:CHMG) for 11,517 shares. Wells Fargo & Mn owns 0% invested in Chemung Financial Corporation (NASDAQ:CHMG) for 6,484 shares. Massachusetts-based Acadian Asset Ltd Com has invested 0% in Chemung Financial Corporation (NASDAQ:CHMG). The California-based California Employees Retirement Sys has invested 0% in Chemung Financial Corporation (NASDAQ:CHMG). Meeder Asset Mgmt Inc reported 0% in Chemung Financial Corporation (NASDAQ:CHMG). John G Ullman & Assocs reported 5,450 shares. The United Kingdom-based Legal General Group Public Ltd Liability Corporation has invested 0% in Chemung Financial Corporation (NASDAQ:CHMG). Cornerstone Mngmt Hldgs Limited holds 0% or 100 shares in its portfolio. Moreover, Deutsche Bank & Trust Ag has 0% invested in Chemung Financial Corporation (NASDAQ:CHMG) for 4,437 shares.

The stock of Chemung Financial Corporation (NASDAQ:CHMG) registered an increase of 4.08% in short interest. CHMG’s total short interest was 40,800 shares in December as published by FINRA. Its up 4.08% from 39,200 shares, reported previously. With 5,600 shares average volume, it will take short sellers 7 days to cover their CHMG’s short positions. The short interest to Chemung Financial Corporation’s float is 1.5%.

The stock increased 1.66% or $0.85 during the last trading session, reaching $52.08. About 5,561 shares traded. Chemung Financial Corporation (NASDAQ:CHMG) has risen 23.97% since December 9, 2016 and is uptrending. It has outperformed by 7.27% the S&P500.

Chemung Financial Corporation operates as the holding firm for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services primarily in New York. The company has market cap of $246.88 million. It offers demand, savings, and time deposits; non-interest- and interest-bearing checking accounts; and insured money market accounts. It has a 19.89 P/E ratio. The firm also provides commercial and agricultural loans primarily consisting of loans to small to mid-sized businesses; commercial mortgage loans; residential mortgage loans; and consumer loans, including home equity lines of credit and home equity loans, as well as letters of credit.

More news for Chemung Financial Corporation (NASDAQ:CHMG) were recently published by: Globenewswire.com, which released: “Chemung Financial Corporation Board Names Anders Tomson as CEO” on December 23, 2016. Stargazette.com‘s article titled: “Chemung Financial Corporation appoints new CEO” and published on December 29, 2016 is yet another important article.

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