Sharp increase in SEIC’s short interest leads to surge in days-to-cover ratio


Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SEI Investments Company shares valued at $877,844 were sold by WEST ALFRED P JR on Mar 29. At $56.06 per share, WEST ALFRED P JR sold 15,659 shares. The insider’s holdings dropped to 8,568,128 shares worth approximately $489.5 million following the completion of this transaction.

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Also, BLUMENSTEIN SARAH sold 10,546 shares, netting a total of over 635,060 in proceeds. Following the sale of shares at $60.22 each, the insider now holds 6,447 shares.

Before that, BLUMENSTEIN SARAH had sold 24,454 shares from its account. In a trade valued at $1,497,808, the Director traded SEI Investments Company shares for $61.25 each. Upon closing the transaction, the insider’s holdings decreased to 24,454 shares, worth approximately $0.37 million.

Analyzing SEIC Stock Performance

On Thursday, SEI Investments Company [NASDAQ: SEIC] plunged -0.61% to $57.13. The stock’s lowest price that day was $56.82, but it reached a high of $57.57 in the same session. During the last five days, there has been a drop of approximately -2.14%. Over the course of the year, SEI Investments Company shares have dropped approximately -2.01%. Shares of the company reached a 52-week high of $64.69 on 02/03/23 and a 52-week low of $53.93 on 03/20/23. A 50-day SMA is recorded $57.53, while a 200-day SMA reached $57.48. Nevertheless, trading volume fell to 0.54 million shares from 0.62 million shares the previous day.

Support And Resistance Levels for SEI Investments Company (SEIC)

According to the 24-hour chart, there is a support level at 56.78, which, if violated, would cause prices to drop to 56.42. In the upper region, resistance lies at 57.53. The next price resistance is at 57.92. RSI (Relative Strength Index) is 41.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.60, which suggests the price will decrease in the coming days. Percent R is at 87.65%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is SEI Investments Company subject to short interest?

Stocks of SEI Investments Company saw a sharp rise in short interest on May 14, 2023 jumping by 0.82 million shares to 2.2 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 1.38 million shares. A jump of 37.27% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.46 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.46.

Which companies own the most shares of SEI Investments Company (SEIC)?

According to The Vanguard Group, Inc. filings, the company currently owns 12,047,544 shares, which is about 9.04% of the total SEIC shares outstanding. The investor’s shares have appreciated by 28,292 from its previous 13-F filing of 12019252.0 shares. With the completion of the sale transaction, Loomis, Sayles & Co. LP’s stake is now worth $602,286,945. BlackRock Fund Advisors acquire a 2.46% interest valued at $565.57 million while SSgA Funds Management, Inc. sold a -586,595 stake. A total of -31,854 shares of SEI Investments Company were sold by Atlanta Capital Management Co. LL during the quarter, and 92,137 were bought by Beutel, Goodman & Co. Ltd. In its current portfolio, Managed Account Advisors LLC holds 3,102,804 shares valued at $182.79 million.


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