Flagstar Bank, National Association (NYSE:FLG) Sees Significant Decrease in Short Interest

Flagstar Bank, National Association (NYSE:FLG) Sees Significant Decrease in Short Interest

Flagstar Bank, National Association (NYSE:FLG - Get Free Report) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 36,435,988 shares, a decline of 39.6% from the May 14th total of 60,349,435 shares. Currently, 9.3% of the shares of the company are short sold. Based on an average daily trading volume, of 3,478,668 shares, the days-to-cover ratio is presently 10.5 days.