(NYSE:ZBK) shares saw heavy trading volume with 9,050 shares changing hands on Tuesday. Shares saw a steep increase in trading volume of 464.92% over the normal average daily volume.
Investors are a little more bullish on Zions Bancorporation 6.95% Fixe recently as implied by the fall in short interest. The company recorded a fall in short interest of -50.17% between September 29, 2017 and October 13, 2017. Short shares fell from 2,356 to 1,174 over that period. With short interest at 1,174 and short average daily volume at 1,134, days to cover is 1.0 and the percentage of shorted shares is 0.00% as of October 13.
The company is so far trading down by 2.29% percent from yesterday’s close. It is trading at $29.60 a tad below the 50 day moving average which is $30.24 and which is just a bit below the 200 day moving average of $29.92. The 50 day moving average went down $-0.65 or -2.145% whereas the 200 day moving average was down $-0.32 or -1.071%.
The most current P/E ratio is 11.781 and the market cap is 5.98B.
Zions Bancorporation, launched on April 25, 1955, is a financial holding company. The Company conducts its banking operations through separately managed and branded segments, including Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank (NSB), Vectra Bank Colorado, The Commerce Bank of Washington (TCBW) and Other. The Company provides a range of banking and related services, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming..