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FRY SHORTS! FXCM Short Interest Climbs by 126.7%

February 11, 2015 by Joe Willams

FXCM Inc (NYSE:FXCM) has witnessed a colossal rise of 126.7% or 8,011,249 shares in its short figure. The short interest augmentation took it from 6,320,909 on January 15,2015 to 14,332,158 on January 30,2015. In terms of floated shares, the short interest was calculated to be 34.4%. The days to cover are 0 given that the daily volume averaged 53,368,183 shares.

FXCM witnessed volatile trading session. FXCM Inc (NYSE:FXCM) had a dismal day in the stock market. The counter had lost 3.04% or 0.07 points as per the last executed transaction. The stock opened at $2.36 and touched two extreme price points of $2.36 and $2.17 before concluding at $2.23. A total of 4,865,525 shares were traded on the exchange. The counter had ended the previous trading day at $2.3 per share. The stock has a 52-week high of $17.97 and a 52-week low of $1.28. With approximately 47,161,000 shares available in free circulation, the company has a market cap of $105 million.

Shares of FXCM Inc (NYSE:FXCM) appreciated by 5.46% during the past week but lost 86.39% on a 4-week basis. The shares have outperformed the S&P 500 by 2.35% in the past week but underperformed the index by 86.46% in the past 4 weeks.

FXCM Inc. (FXCM) is an online provider of foreign exchange (FX) trading and related services to approximately 170,930 active retail customers globally. The Company offers its customers access to over-the-counter (OTC) FX markets through its technology platform. It primarily offers customers an agency model to execute their trades. In the agency model, when its customer executes a trade on the price quotation offered by its FX market makers, it acts as a credit intermediary, or riskless principal, simultaneously entering into offsetting trades with both the customer and the FX market maker. It operates its business through two segments: retail trading and institutional trading. Its institutional trading segment, FXCM Pro, offers FX trading services to banks, hedge funds and other institutional customers on an agency model basis. In September 2013, FXCM Inc acquired a 50.1% controlling interest in Faros Trading LLC (Faros).

http://stafforddaily.com/fxcm-inc-short-interest-climbs-by-126-7/341085/