Time to Reconsider Jefferies Financial Group Inc (NYSE:JEF) After Less Short Sellers?

The stock of Jefferies Financial Group Inc (NYSE:JEF) registered a decrease of 7.33% in short interest. JEF’s total short interest was 7.38 million shares in October as published by FINRA. Its down 7.33% from 7.97M shares, reported previously. With 1.73M shares average volume, it will take short sellers 4 days to cover their JEF’s short positions. The short interest to Jefferies Financial Group Inc’s float is 2.89%.

The stock increased 2.61% or $0.46 during the last trading session, reaching $18.07. About 1.95M shares traded. Jefferies Financial Group Inc. (NYSE:JEF) has declined 13.47% since October 12, 2018 and is downtrending. It has underperformed by 13.47% the S&P500.

Jefferies Financial Group Inc., a financial services company, offers a range of services and products in investment banking, equities, fixed income, and wealth management in the Americas, Europe, and Asia. The company has market cap of $5.42 billion. It engages in the debt capital market, equity capital market, merger and acquisition, private capital advisory, and restructuring and recapitalization businesses. It has a 4.26 P/E ratio. The firm also offers cash equities; electronic trading solutions, such as global algorithmic and portfolio trading solutions; equity derivatives, such as U.S. equity options, U.S. exchange-traded funds, and Europe equity derivatives, as well as trades in a range of convertible securities from large investment-grade issues to small private transactions; access to investors and logistics; and prime services.

More notable recent Jefferies Financial Group Inc. (NYSE:JEF) news were published by: Prnewswire.com which released: “NVR Set to Join S&P 500; Jefferies Financial Group, II-VI to Join S&P MidCap 400; Callon Petroleum, PriceSmart to Join S&P SmallCap 600 – PRNewswire” on September 20, 2019, also Seekingalpha.com with their article: “Stocks To Watch: Q3 Earnings Blastoff – Seeking Alpha” published on October 12, 2019, Seekingalpha.com published: “Stocks To Watch: Prime Day And FAANGs Out In DC – Seeking Alpha” on July 13, 2019. More interesting news about Jefferies Financial Group Inc. (NYSE:JEF) were released by: Businesswire.com and their article: “Jefferies Appoints Chris Wood Global Head of Equity Strategy and Launches Eponymous “GREED & fear” – Business Wire” published on May 30, 2019 as well as Bizjournals.com‘s news article titled: “Update: Billionaire Tilman Fertitta launches another blank-check co. with $316M IPO – Houston Business Journal” with publication date: May 06, 2019.

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