It Seems Popular Inc (NASDAQ:BPOP) Will Go Down. Just Reported More Shorted Shares

May 18, 2018 - By Richard Conner

Popular, Inc. (NASDAQ:BPOP) Logo

Investors sentiment decreased to 0.9 in 2017 Q4. Its down 0.68, from 1.58 in 2017Q3. It dropped, as 42 investors sold Popular, Inc. shares while 65 reduced holdings. 36 funds opened positions while 60 raised stakes. 85.70 million shares or 3.71% less from 89.00 million shares in 2017Q3 were reported.
Cipher Limited Partnership owns 13,098 shares or 0.04% of their US portfolio. Peak6 Invs L P invested in 0% or 13,588 shares. Goldman Sachs Grp, a New York-based fund reported 655,617 shares. Susquehanna Grp Inc Llp has invested 0% of its portfolio in Popular, Inc. (NASDAQ:BPOP). Wells Fargo & Mn has invested 0% of its portfolio in Popular, Inc. (NASDAQ:BPOP). Hotchkis & Wiley Capital Management Ltd Com stated it has 0.92% of its portfolio in Popular, Inc. (NASDAQ:BPOP). 53,325 are owned by Basswood Cap Lc. Rhumbline Advisers owns 93,827 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 5,797 shares. Millennium Management Ltd Co reported 0.07% in Popular, Inc. (NASDAQ:BPOP). First Mercantile Com reported 5,120 shares. Jane Street Limited Liability Company holds 24,711 shares or 0% of its portfolio. Fincl Bank Of Montreal Can reported 9,953 shares. Morgan Stanley has 0% invested in Popular, Inc. (NASDAQ:BPOP). Credit Agricole S A accumulated 28,000 shares.

The stock of Popular Inc (NASDAQ:BPOP) registered an increase of 13.65% in short interest. BPOP’s total short interest was 2.78M shares in May as published by FINRA. Its up 13.65% from 2.44 million shares, reported previously. With 911,700 shares average volume, it will take short sellers 3 days to cover their BPOP’s short positions. The short interest to Popular Inc’s float is 2.76%.

The stock decreased 0.13% or $0.06 during the last trading session, reaching $47.04. About 10,877 shares traded. Popular, Inc. (NASDAQ:BPOP) has risen 6.76% since May 18, 2017 and is uptrending. It has underperformed by 4.79% the S&P500.

Popular, Inc., through its subsidiaries, provides various retail, mortgage, and commercial banking services and products primarily to institutional and retail customers. The company has market cap of $4.81 billion. The firm accepts various deposit products. It has a 46.12 P/E ratio. It also offers commercial and industrial loans; commercial real estate loans; construction loans; lease financing comprising automobile loans/leases; residential mortgage loans; and consumer loans, including personal loans, credit cards, home equity lines of credit, and other loans to individual borrowers.

Popular, Inc. (NASDAQ:BPOP) Ratings Coverage

Among 8 analysts covering Popular Inc (NASDAQ:BPOP), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Popular Inc had 21 analyst reports since November 28, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, January 23 by Sandler O’Neill. Citigroup initiated the stock with “Buy” rating in Thursday, December 21 report. Citigroup maintained Popular, Inc. (NASDAQ:BPOP) rating on Wednesday, January 24. Citigroup has “Buy” rating and $50 target. The stock of Popular, Inc. (NASDAQ:BPOP) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, February 15. Morgan Stanley maintained Popular, Inc. (NASDAQ:BPOP) rating on Friday, January 26. Morgan Stanley has “Equal-Weight” rating and $42 target. The stock of Popular, Inc. (NASDAQ:BPOP) has “Buy” rating given on Wednesday, February 14 by BTIG Research. Keefe Bruyette & Woods maintained Popular, Inc. (NASDAQ:BPOP) rating on Wednesday, January 24. Keefe Bruyette & Woods has “Buy” rating and $45.0 target. The firm has “Outperform” rating given on Tuesday, November 28 by Wood. The firm earned “Buy” rating on Tuesday, February 27 by Piper Jaffray. Barclays Capital maintained Popular, Inc. (NASDAQ:BPOP) on Wednesday, April 25 with “Overweight” rating.

More news for Popular, Inc. (NASDAQ:BPOP) were recently published by: Seekingalpha.com, which released: “Popular’s (BPOP) CEO Ignacio Alvarez on Q1 2018 Results – Earnings Call Transcript” on April 24, 2018. Seekingalpha.com‘s article titled: “Popular, Inc. 2018 Q1 – Results – Earnings Call Slides” and published on April 24, 2018 is yet another important article.

Popular, Inc. (NASDAQ:BPOP) Institutional Positions Chart

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