Prudential plc (NYSE:PUK - Get Free Report) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 355,800 shares, a decline of 24.1% from the May 31st total of 468,500 shares. Based on an average daily volume of 899,300 shares, the days-to-cover ratio is currently 0.4 days.
Prudential Stock Performance
Shares of Prudential stock traded down $0.14 on Friday, reaching $18.32. 777,072 shares of the stock were exchanged, compared to its average volume of 695,112. Prudential has a 1-year low of $17.12 and a 1-year high of $28.59. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.22. The business has a fifty day moving average price of $19.08 and a two-hundred day moving average price of $19.98.
Analyst Upgrades and Downgrades
A number of research analysts have commented on PUK shares. StockNews.com lowered shares of Prudential from a "hold" rating to a "sell" rating in a research note on Tuesday. BNP Paribas upgraded shares of Prudential from a "neutral" rating to an "outperform" rating in a research note on Wednesday.
Get Our Latest Report on PUK
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in PUK. Goldman Sachs Group Inc. grew its position in Prudential by 15.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,011,551 shares of the financial services provider's stock worth $45,159,000 after buying an additional 274,674 shares during the period. Optiver Holding B.V. acquired a new position in Prudential during the fourth quarter worth about $5,108,000. Ramirez Asset Management Inc. acquired a new position in Prudential during the third quarter worth about $4,740,000. Northern Trust Corp grew its position in Prudential by 11.2% during the third quarter. Northern Trust Corp now owns 1,331,838 shares of the financial services provider's stock worth $29,194,000 after buying an additional 134,347 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Prudential by 16.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 913,220 shares of the financial services provider's stock worth $20,499,000 after buying an additional 128,949 shares during the period. 1.90% of the stock is currently owned by institutional investors and hedge funds.
About Prudential
(
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Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.
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