CIT Group Inc. (CIT) Touches $53.21 High on Jan, 14; CHINESEINVESTORSCOM (CIIX) Shorts Raised By 56.21%

January 14, 2018 - By Linda Rogers

CHINESEINVESTORSCOM INCORPORATED (OTCMKTS:CIIX) had an increase of 56.21% in short interest. CIIX’s SI was 23,900 shares in January as released by FINRA. Its up 56.21% from 15,300 shares previously. With 460,100 avg volume, 0 days are for CHINESEINVESTORSCOM INCORPORATED (OTCMKTS:CIIX)’s short sellers to cover CIIX’s short positions. The stock decreased 0.03% or $0.0002 during the last trading session, reaching $0.7198. About 139,915 shares traded. Chineseinvestors.com, Inc. (OTCMKTS:CIIX) has 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

The stock of CIT Group Inc. (NYSE:CIT) reached all time high today, Jan, 14 and still has $56.40 target or 6.00% above today’s $53.21 share price. This indicates more upside for the $6.98 billion company. This technical setup was reported by Barchart.com. If the $56.40 PT is reached, the company will be worth $419.04M more. The stock increased 1.12% or $0.59 during the last trading session, reaching $53.21. About 734,147 shares traded. CIT Group Inc. (NYSE:CIT) has risen 46.21% since January 14, 2017 and is uptrending. It has outperformed by 29.51% the S&P500.

Chineseinvestors.com, Inc. provides Web real-time financial information in Chinese language for the Chinese population in the United States and internationally. The company has market cap of $13.56 million. The firm offers various subscription services, including real-time market commentary and analysis in the Chinese language; and securities trading advisory services; The firm also provides advisory services on US capital markets, the US legal system, and the US Securities markets; Website based advertising services; price chart and news updated on stocks, and research tools; and additional education services, such as courses offering basic knowledge and practical trading skills. It currently has negative earnings. In addition, it offers stock quotes, trading volumes, and pricing indicators for listed companies in the United States.

Analysts await CIT Group Inc. (NYSE:CIT) to report earnings on January, 30. They expect $0.82 earnings per share, up 38.98% or $0.23 from last year’s $0.59 per share. CIT’s profit will be $107.63M for 16.22 P/E if the $0.82 EPS becomes a reality. After $1.02 actual earnings per share reported by CIT Group Inc. for the previous quarter, Wall Street now forecasts -19.61% negative EPS growth.

Among 19 analysts covering CIT Group (NYSE:CIT), 8 have Buy rating, 1 Sell and 10 Hold. Therefore 42% are positive. CIT Group had 56 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Wednesday, November 4 by Oppenheimer. The firm has “Hold” rating given on Friday, December 1 by Wells Fargo. Keefe Bruyette & Woods maintained CIT Group Inc. (NYSE:CIT) rating on Thursday, December 21. Keefe Bruyette & Woods has “Hold” rating and $53.0 target. The stock of CIT Group Inc. (NYSE:CIT) has “Mkt Outperform” rating given on Friday, December 18 by JMP Securities. The stock has “Underperform” rating by Bank of America on Friday, April 29. The stock of CIT Group Inc. (NYSE:CIT) earned “Buy” rating by BTIG Research on Tuesday, July 25. The stock of CIT Group Inc. (NYSE:CIT) has “Neutral” rating given on Friday, August 14 by Goldman Sachs. The rating was maintained by BMO Capital Markets on Wednesday, July 26 with “Underperform”. The company was initiated on Thursday, January 21 by Deutsche Bank. Morgan Stanley maintained CIT Group Inc. (NYSE:CIT) rating on Monday, September 18. Morgan Stanley has “Equal-Weight” rating and $51 target.

CIT Group Inc. operates as the bank holding firm for CIT Bank, National Association that provides banking and related services to commercial and individual customers. The company has market cap of $6.98 billion. The firm operates through Commercial Banking, Consumer Banking, Non-Strategic Portfolios , and Corporate and Other divisions. It currently has negative earnings. The Commercial Banking segment offers lending, leasing, and other financial and advisory services primarily to small and middle-market companies; factoring and secured financing services, as well as receivables management products to the retail supply chain; and equipment leasing and secured financing to the rail industry.

Since August 11, 2017, it had 0 insider buys, and 2 selling transactions for $162,688 activity. $96,988 worth of stock was sold by HUDAK JAMES L on Friday, August 11. Solk Steve had sold 1,460 shares worth $65,700 on Friday, August 25.

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