Shares last traded at $25.34 which is a tad above $24.03, the stock’s 50 day moving average and marginally over the 200 day moving average of $25.29. The 50 day moving average went up $1.31 or +5.47% and the 200 day average went up by +0.19%. Credit Suisse AG – VelocityShar shares had a trading volume of 125K in the last trading session. Volume was down 45.25% under the stocks average daily volume. Investors are a little more bearish on the company lately if you consider the change in short interest. The stock experienced a rise in short interest from September 29, 2017 to October 13, 2017 of 29.54%. Short shares increased from 570,631 to 739,200 over that timeframe.
A few notable investment firms have updated their holdings. Susquehanna International Group, Llp augmented its stake by buying 3,348 shares an increase of 24.1% in the quarter. Susquehanna International Group, Llp owns 17,230 shares worth $466,000. The total value of its holdings increased 62.9%. Credit Suisse AG/ expanded its holdings by buying 125,000 shares an increase of 41.7%. Credit Suisse AG/ claims 425,000 shares valued at $11,501,000. The value of the position overall is up by 83.4%.
Citadel Advisors LLC grew its position by buying 9,930 shares an increase of 273.5% from 12/31/2015 to 06/30/2017. Citadel Advisors LLC now holds 13,561 shares with a value of $367,000. The value of the position overall is up by 41.2%. As of quarter end Virtu Financial LLC had sold 4,960 shares trimming its position 31.0%. The value of the company’s investment in Credit Suisse AG – VelocityShar went from $513,000 to $298,000 a change of 41.9% since the last quarter.
Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. It operates through Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, and Investment Banking & Capital Markets segments. The company offers a range of advice and financial solutions, including structured advisory; investment advice; wealth and asset management; fixed income products and instruments; securitized products; M&A transactions; corporate sales and restructurings; divestitures; takeover defense strategies; equity and debt underwritings; equity and fixed income sales; debt and equity securities; private placements; and trading services, as well as derivative products. It also offers various banking services, such as lending, payment, capital goods leasing, syndications and structured finance, trade finance, ship and aviation finance, export finance and factoring, treasury, and foreign exchange services, as well as fund solutions and fund-linked services. In addition, the company provides global securities sales, trading and execution, prime brokerage, and investment research services; and investment solutions and services to pension funds, foundations and endowments, and individuals. It operates 447 offices and branches. The company offers its products and services to private, corporate, institutional, high-net-worth and ultra-high-net-worth individuals, small and medium-sized enterprises, governments, and institutional investors, as well as affluent and retail clients. Credit Suisse Group AG was founded in 1856 and is based in Zurich, Switzerland..