Tiptree Inc – Class A (NASDAQ:TIPT) Shorted Shares Increased 39.36% After Market Selling

July 14, 2018 - By Vernon Rice

The stock of Tiptree Inc – Class A (NASDAQ:TIPT) registered an increase of 39.36% in short interest. TIPT’s total short interest was 438,300 shares in July as published by FINRA. Its up 39.36% from 314,500 shares, reported previously. With 41,600 shares average volume, it will take short sellers 11 days to cover their TIPT’s short positions. The short interest to Tiptree Inc – Class A’s float is 1.98%.

The stock increased 1.45% or $0.1 during the last trading session, reaching $7. About 32,823 shares traded. Tiptree Inc. (NASDAQ:TIPT) has risen 8.00% since July 14, 2017 and is uptrending. It has underperformed by 4.57% the S&P500.

Tiptree Inc., through its subsidiaries, engages in specialty insurance, asset management, senior living, and specialty finance businesses in the United States. The company has market cap of $260.48 million. The Company’s Specialty Insurance segment offers credit protection insurance, mobile protection, warranty and service contracts, and insurance programs; and value-add services, including premium finance and business processing services. It has a 7.94 P/E ratio. The company??s Asset Management segment engages in the management of credit related assets on behalf of pension funds, hedge funds, other asset management firms, banks, insurance companies, and other institutional investors.

Another recent and important Tiptree Inc. (NASDAQ:TIPT) news was published by Businesswire.com which published an article titled: “AM Best Assigns Credit Ratings to Blue Ridge Indemnity Company; Affirms Credit Ratings of Fortegra Financial …” on June 21, 2018.

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