- Analysts were pleased with the recent positive earnings surprise and guidance.
- But short sellers piled on the stock in the most recent settlement period.
- Note that top insiders have sold shares as well.
While Bank of New York Mellon Corp
This banking and financial services giant saw the number of its shares short soar 185 percent to more than 18.91 million shares in the final two weeks of month. That was still less than 2 percent of the total float, but the highest level of
Among the reasons for the analyst upgrades were the
Disclosure: At the time of this writing, the author had no position in the mentioned equities.
Image Credit: By GK tramrunner229 - Own work, CC BY-SA 3.0,
|Oct 2016||Morgan Stanley||Upgrades||Underweight||Equal-Weight|
|Oct 2016||Keefe Bruyette & Woods||Upgrades||Market Perform||Outperform|
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