Prudential plc (NYSE:PUK) Short Interest Down 21.1% in December

Prudential plc (NYSE:PUK) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 246,800 shares, a decrease of 21.1% from the December 15th total of 312,700 shares. Based on an average daily volume of 1,050,000 shares, the short-interest ratio is currently 0.2 days.

Prudential Stock Performance

Prudential stock traded up $0.55 during trading on Friday, hitting $15.83. The company’s stock had a trading volume of 1,144,815 shares, compared to its average volume of 1,146,310. The stock’s fifty day moving average is $15.98 and its 200 day moving average is $16.95. Prudential has a 1-year low of $14.39 and a 1-year high of $22.07.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its position in shares of Prudential by 45.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,222 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 699 shares during the last quarter. GAMMA Investing LLC raised its stake in Prudential by 95.8% during the fourth quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 1,127 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Prudential by 51.3% in the 3rd 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 during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Prudential by 43.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,254 shares of the financial services provider’s stock valued at $151,000 after buying an additional 2,507 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Prudential by 260.7% during the 3rd quarter. Blue Trust Inc. now owns 9,735 shares of the financial services provider’s stock worth $178,000 after buying an additional 7,036 shares during the last quarter. Institutional investors and hedge funds own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PUK. StockNews.com downgraded shares of Prudential from a “hold” rating to a “sell” rating in a report on Monday, November 25th. Barclays upgraded shares of Prudential to a “strong-buy” rating in a research report on Tuesday, October 15th.

About Prudential

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.