Canadian Imperial Bank of Commerce (NYSE:CM) on Focus After Report of Less Shorts

May 18, 2018 - By Nellie Frank

Canadian Imperial Bank of Commerce (NYSE:CM) Logo

The stock of Canadian Imperial Bank of Commerce (NYSE:CM) registered a decrease of 3.78% in short interest. CM’s total short interest was 9.50 million shares in May as published by FINRA. Its down 3.78% from 9.88 million shares, reported previously. With 269,800 shares average volume, it will take short sellers 35 days to cover their CM’s short positions.

The stock decreased 0.10% or $0.09 during the last trading session, reaching $91.11. About 160,976 shares traded. Canadian Imperial Bank of Commerce (NYSE:CM) has risen 0.83% since May 18, 2017 and is uptrending. It has underperformed by 10.72% the S&P500.

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial services and products to individual, small business, commercial, corporate, and institutional clients in Canada, the United States, and internationally. The company has market cap of $40.74 billion. The firm operates through four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S. It has a 10.86 P/E ratio. Commercial Banking and Wealth Management; and Capital Markets.

Canadian Imperial Bank of Commerce (NYSE:CM) Ratings Coverage

Among 2 analysts covering Canadian Imperial Bank Of Commerce (NYSE:CM), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Canadian Imperial Bank Of Commerce had 2 analyst reports since December 1, 2017 according to SRatingsIntel. The stock has “Outperform” rating by Credit Suisse on Friday, December 1. The firm earned “Overweight” rating on Tuesday, December 19 by Barclays Capital.

More notable recent Canadian Imperial Bank of Commerce (NYSE:CM) news were published by: Fool.ca which released: “The 5-Stock Diversified Portfolio: Where Equity Investors Can Start” on May 09, 2018, also Fool.ca with their article: “Top 3 Canadian Bank Stocks to Buy Before Earnings” published on May 12, 2018, Fool.ca published: “2 Dividend-Growth Stocks Perfect to Boost Your Retirement Income” on May 13, 2018. More interesting news about Canadian Imperial Bank of Commerce (NYSE:CM) were released by: Seekingalpha.com and their article: “Bert’s April Dividend Income Summary” published on May 13, 2018 as well as Fool.ca‘s news article titled: “2 Top Dividend Stocks to Stash in Your TFSA” with publication date: April 29, 2018.

Canadian Imperial Bank of Commerce (NYSE:CM) Ratings Chart

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