Short Interest in Barclays PLC (NYSE:BCS) Increases By 6.5%

Barclays PLC (NYSE:BCS) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 6,030,000 shares, a growth of 6.5% from the October 15th total of 5,660,000 shares. Based on an average daily trading volume, of 12,800,000 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BCS. Rothschild Investment LLC bought a new position in shares of Barclays in the second quarter worth approximately $30,000. EverSource Wealth Advisors LLC lifted its position in Barclays by 71.8% during the first quarter. EverSource Wealth Advisors LLC now owns 3,647 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 1,524 shares during the period. Symphony Financial Ltd. Co. bought a new position in Barclays during the third quarter valued at approximately $42,000. EntryPoint Capital LLC bought a new position in Barclays during the first quarter valued at approximately $48,000. Finally, Hexagon Capital Partners LLC lifted its position in Barclays by 32.4% during the third quarter. Hexagon Capital Partners LLC now owns 4,624 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,132 shares during the period. Institutional investors own 3.39% of the company’s stock.

Analysts Set New Price Targets

BCS has been the topic of several research reports. Kepler Capital Markets initiated coverage on shares of Barclays in a research note on Thursday, September 5th. They set a “buy” rating on the stock. StockNews.com raised shares of Barclays from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group initiated coverage on shares of Barclays in a research note on Tuesday, October 8th. They set a “buy” rating on the stock.

Barclays Stock Down 1.3 %

NYSE:BCS traded down $0.17 during mid-day trading on Tuesday, hitting $13.09. 4,924,131 shares of the company’s stock were exchanged, compared to its average volume of 14,356,655. The business has a fifty day moving average price of $12.44 and a 200 day moving average price of $11.69. The company has a market cap of $47.40 billion, a PE ratio of 8.90 and a beta of 1.41. Barclays has a one year low of $7.02 and a one year high of $13.57. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.35 and a quick ratio of 1.35.

Barclays (NYSE:BCS) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter. The firm had revenue of $8.52 billion for the quarter. Barclays had a net margin of 17.83% and a return on equity of 6.30%. During the same quarter in the prior year, the company posted $0.42 EPS. Equities analysts predict that Barclays will post 1.71 EPS for the current year.

About Barclays

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.