Is Buying Fulton Financial Corporation (NASDAQ:FULT), Having Higher Short Interest a Winning Strategy?

Investors sentiment decreased to 0.73 in 2019 Q1. Its down 0.40, from 1.13 in 2018Q4. It turned negative, as 22 investors sold Fulton Financial Corporation shares while 83 reduced holdings. 28 funds opened positions while 49 raised stakes. 107.72 million shares or 2.49% less from 110.47 million shares in 2018Q4 were reported.
Brandywine Global Investment Mgmt Lc stated it has 519,390 shares or 0.06% of all its holdings. Suntrust Banks accumulated 202,205 shares. Wagner Bowman Mgmt reported 19,115 shares. Connors Investor Ser accumulated 0.02% or 10,626 shares. The Connecticut-based Tudor Invest Corporation Et Al has invested 0.01% in Fulton Financial Corporation (NASDAQ:FULT). Teachers Retirement Sys Of The State Of Kentucky reported 27,026 shares. First Trust Advsr Limited Partnership invested in 238,995 shares. Automobile Association accumulated 26,985 shares. First Bancorporation Tru Of Newtown has 16,632 shares for 0.07% of their portfolio. Raymond James Financial Services Advsrs has 74,657 shares. Palisade Capital Mngmt Lc Nj holds 0.65% in Fulton Financial Corporation (NASDAQ:FULT) or 1.30 million shares. Pinebridge Invests Ltd Partnership has invested 0% in Fulton Financial Corporation (NASDAQ:FULT). Moreover, Los Angeles Mgmt Equity Research Incorporated has 0% invested in Fulton Financial Corporation (NASDAQ:FULT). Bluemountain Capital Management Ltd owns 169 shares or 0% of their US portfolio. Principal Finance Gru has invested 0.01% of its portfolio in Fulton Financial Corporation (NASDAQ:FULT).

The stock of Fulton Financial Corporation (NASDAQ:FULT) registered an increase of 17.21% in short interest. FULT’s total short interest was 6.19 million shares in August as published by FINRA. Its up 17.21% from 5.28M shares, reported previously. With 916,300 shares average volume, it will take short sellers 7 days to cover their FULT’s short positions. The short interest to Fulton Financial Corporation’s float is 3.67%.

The stock decreased 0.83% or $0.13 during the last trading session, reaching $15.55. About 636,650 shares traded. Fulton Financial Corporation (NASDAQ:FULT) has declined 2.07% since August 15, 2018 and is downtrending. It has underperformed by 2.07% the S&P500.

Fulton Financial Corporation operates as a multi-bank financial holding firm that provides banking and financial services to businesses and consumers. The company has market cap of $2.59 billion. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. It has a 11.26 P/E ratio. The firm also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; fixed, variable, and adjustable-rate products, such as construction and jumbo loans; and residential mortgages, as well as commercial lending products comprising commercial, financial, agricultural, and real estate loans.

More notable recent Fulton Financial Corporation (NASDAQ:FULT) news were published by: which released: “Drexel University Recognizes Fulton Financial for 2019 Drexel LeBow Analytics 50 Award – Business Wire” on June 12, 2019, also with their article: “Pinnacle Financial Partners, Inc. (PNFP) Ex-Dividend Date Scheduled for May 02, 2019 – Nasdaq” published on May 01, 2019, published: “Fulton Financial Corporation Elects Four to Board of Directors – Business Wire” on June 12, 2019. More interesting news about Fulton Financial Corporation (NASDAQ:FULT) were released by: and their article: “Are Insiders Buying Fulton Financial Corporation (NASDAQ:FULT) Stock? – Yahoo Finance” published on May 30, 2019 as well as‘s news article titled: “Should You Worry About Fulton Financial Corporation’s (NASDAQ:FULT) CEO Pay Cheque? – Yahoo Finance” with publication date: May 09, 2019.

Fulton Financial Corporation (NASDAQ:FULT) Institutional Positions Chart

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