Short Interest in Prudential Public Limited Company (NYSE:PUK) Increases By 52.1%

Prudential Public Limited Company (NYSE:PUK - Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 1,780,000 shares, a growth of 52.1% from the May 15th total of 1,170,000 shares. Approximately 0.1% of the company's shares are short sold. Based on an average trading volume of 950,000 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Choreo LLC grew its position in shares of Prudential Public by 5.6% during the 1st quarter. Choreo LLC now owns 12,049 shares of the financial services provider's stock valued at $259,000 after purchasing an additional 644 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Prudential Public by 38.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 707 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Prudential Public by 7.9% during the 1st quarter. Pacer Advisors Inc. now owns 11,965 shares of the financial services provider's stock valued at $257,000 after purchasing an additional 877 shares in the last quarter. National Bank of Canada FI grew its position in shares of Prudential Public by 29.0% during the 1st quarter. National Bank of Canada FI now owns 3,925 shares of the financial services provider's stock valued at $84,000 after purchasing an additional 883 shares in the last quarter. Finally, Bruce G. Allen Investments LLC grew its position in shares of Prudential Public by 70.4% during the 1st quarter. Bruce G. Allen Investments LLC now owns 2,759 shares of the financial services provider's stock valued at $59,000 after purchasing an additional 1,140 shares in the last quarter. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Prudential Public Stock Performance

Shares of Prudential Public stock traded down $0.24 during mid-day trading on Thursday, hitting $23.94. 1,302,156 shares of the stock were exchanged, compared to its average volume of 1,050,476. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market capitalization of $31.16 billion, a P/E ratio of 10.32, a P/E/G ratio of 0.69 and a beta of 1.02. The company has a 50-day simple moving average of $22.32 and a 200 day simple moving average of $19.25. Prudential Public has a 12 month low of $14.39 and a 12 month high of $24.64.

Analyst Ratings Changes

A number of analysts have commented on PUK shares. Citigroup reaffirmed a "buy" rating on shares of Prudential Public in a research report on Tuesday, April 1st. Morgan Stanley reissued an "overweight" rating on shares of Prudential Public in a research report on Tuesday, May 13th. Deutsche Bank Aktiengesellschaft upgraded Prudential Public from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Wall Street Zen upgraded Prudential Public from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Finally, Barclays reiterated an "overweight" rating on shares of Prudential Public in a research note on Thursday, May 22nd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Prudential Public has a consensus rating of "Buy".

Prudential Public 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.