Can Etrade Financial Corporation (NASDAQ:ETFC)’s Tomorrow be Different? The Stock Had Increase in Shorts

E*TRADE Financial Corporation (NASDAQ:ETFC) Logo

Investors sentiment increased to 0.85 in 2018 Q4. Its up 0.11, from 0.74 in 2018Q3. It increased, as 60 investors sold E*TRADE Financial Corporation shares while 166 reduced holdings. 71 funds opened positions while 120 raised stakes. 220.52 million shares or 4.32% less from 230.48 million shares in 2018Q3 were reported.
Moreover, Dekabank Deutsche Girozentrale has 0.01% invested in E*TRADE Financial Corporation (NASDAQ:ETFC) for 30,717 shares. Gemmer Asset Management Limited Liability Company has 30 shares for 0% of their portfolio. Jupiter Asset Management Limited reported 261,986 shares or 0.4% of all its holdings. Mackay Shields Ltd Limited Liability Company stated it has 0.07% in E*TRADE Financial Corporation (NASDAQ:ETFC). Envestnet Asset Mgmt, Illinois-based fund reported 241,548 shares. Credit Agricole S A, a France-based fund reported 986 shares. Savings Bank Of Montreal Can invested in 610,405 shares. Wetherby Asset Mgmt has invested 0.03% of its portfolio in E*TRADE Financial Corporation (NASDAQ:ETFC). Piedmont Invest Advsr Incorporated accumulated 7,940 shares. Ls Investment Advsrs Ltd Liability Co reported 0.03% stake. Deutsche Bancorporation Ag owns 1.77M shares. Weiss Multi has 165,000 shares. Livforsakringsbolaget Skandia Omsesidigt owns 2,300 shares. Kemnay Advisory Inc reported 0.42% of its portfolio in E*TRADE Financial Corporation (NASDAQ:ETFC). Bridgewater Limited Partnership accumulated 8,664 shares.

Since December 11, 2018, it had 2 buys, and 2 insider sales for $2.88 million activity. On Saturday, February 9 the insider Curcio Michael John sold $1.04 million. Another trade for 5,000 shares valued at $226,791 was made by Healy James P on Tuesday, December 11. 2,200 shares valued at $101,734 were bought by Chersi Robert J on Wednesday, January 30.

The stock of Etrade Financial Corporation (NASDAQ:ETFC) registered an increase of 7.65% in short interest. ETFC’s total short interest was 3.16 million shares in May as published by FINRA. Its up 7.65% from 2.93 million shares, reported previously. With 2.85 million shares average volume, it will take short sellers 1 days to cover their ETFC’s short positions. The short interest to Etrade Financial Corporation’s float is 1.25%.

The stock decreased 0.91% or $0.44 during the last trading session, reaching $47.96. About 1.32 million shares traded. E*TRADE Financial Corporation (NASDAQ:ETFC) has declined 4.14% since May 17, 2018 and is downtrending. It has underperformed by 8.51% the S&P500.

E*TRADE Financial Corporation, a financial services company, provides brokerage and related services and products primarily to individual retail investors under the E*TRADE Financial brand. The company has market cap of $11.64 billion. It also offers investor-focused banking products, primarily deposits to retail investors; and financial corporate services, such as software and services for managing equity compensation plans to its corporate clients. It has a 11.73 P/E ratio. The firm provides its services to clients through digital platforms; and a network of customer service representatives and financial consultants through phone, email, and online at two branches, as well as in person through 30 branches across the United States.

E*TRADE Financial Corporation (NASDAQ:ETFC) Ratings Coverage

Among 4 analysts covering E*TRADE Financial (NASDAQ:ETFC), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. E*TRADE Financial had 10 analyst reports since November 30, 2018 according to SRatingsIntel. The firm earned “Overweight” rating on Tuesday, May 7 by Morgan Stanley. Wells Fargo maintained the stock with “Outperform” rating in Friday, January 4 report. As per Thursday, April 18, the company rating was maintained by Raymond James. Morgan Stanley maintained the stock with “Overweight” rating in Friday, January 4 report.

More notable recent E*TRADE Financial Corporation (NASDAQ:ETFC) news were published by: Globenewswire.com which released: “Recent Analysis Shows OneMain, E*TRADE Financial, Keurig Dr Pepper, and Pluristem Therapeutics Market Influences — Renewed Outlook, Key Drivers of Growth – GlobeNewswire” on May 02, 2019, also Nasdaq.com with their article: “Notable Friday Option Activity: PPC, QCOM, ETFC – Nasdaq” published on April 26, 2019, Nasdaq.com published: “E*TRADE’s (ETFC) Q4 Earnings Beat, Trading Metrics Improve – Nasdaq” on January 25, 2019. More interesting news about E*TRADE Financial Corporation (NASDAQ:ETFC) were released by: Nasdaq.com and their article: “5 Reasons to Add E*TRADE (ETFC) Stock to Your Portfolio Now – Nasdaq” published on March 27, 2019 as well as Nasdaq.com‘s news article titled: “Interesting ETFC Put And Call Options For May 31st – Nasdaq” with publication date: April 17, 2019.

E*TRADE Financial Corporation (NASDAQ:ETFC) Institutional Positions Chart

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