Prudential plc (NYSE:PUK) Short Interest Up 42.6% in February

Prudential plc (NYSE:PUK - Get Free Report) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 1,440,000 shares, a growth of 42.6% from the January 31st total of 1,010,000 shares. Based on an average daily volume of 958,100 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Raymond James & Associates lifted its holdings in Prudential by 2.6% in the third quarter. Raymond James & Associates now owns 235,720 shares of the financial services provider's stock valued at $4,370,000 after buying an additional 6,041 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Prudential by 51.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,057 shares of the financial services provider's stock valued at $131,000 after purchasing an additional 2,394 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Prudential by 47.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 110,551 shares of the financial services provider's stock worth $2,049,000 after buying an additional 35,668 shares during the period. Catalytic Wealth RIA LLC lifted its stake in Prudential by 11.8% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 36,632 shares of the financial services provider's stock valued at $679,000 after acquiring an additional 3,870 shares in the last quarter. Finally, MQS Management LLC acquired a new position in Prudential during the third quarter valued at approximately $257,000. Institutional investors own 1.90% of the company's stock.

Prudential Trading Up 5.8 %

Prudential stock traded up $1.08 during mid-day trading on Wednesday, hitting $19.61. The stock had a trading volume of 1,036,190 shares, compared to its average volume of 1,057,490. The stock has a market capitalization of $25.86 billion, a PE ratio of 8.45, a P/E/G ratio of 0.41 and a beta of 1.20. Prudential has a 12 month low of $14.39 and a 12 month high of $21.27. The stock has a 50-day simple moving average of $16.66 and a two-hundred day simple moving average of $16.83.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Prudential from a "sell" rating to a "hold" rating in a report on Wednesday, January 22nd.

Prudential Company Profile

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.