Bank Short Interest Highlights: Month Ended Dec. 15

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Most Shares Sold Short

Institution Position

1 PNC Bank Corp. 40,322,564

2 First Union Corp. 10,920,754

3 Fleet Financial Group Inc. 10,748,371

4 Citicorp 8,473,584

5 National City Corp. 8,431,366

6 NationsBank Corp. 7,835,123

7 Glendale Federal Bank 7,094,926

8 Chemical Banking Corp. 6,359,814

9 Banc One Corp. 5,825,848

10 Bank of New York 5,726,093

Most Days to Cover*

Institution Days

1 PNC Bank Corp. 45.9

2 National City Corp. 39.8

3 Glendale Federal Bank 29.7

4 Southern National Corp. 27.2

5 Crestar Financial Corp. 23.6

6 First Union Corp. 22

7 Union Planters Corp. 21.4

8 TCF Financial Corp. 18.7

9 Amsouth Bancorp. 17.5

10 First USA Inc. 16.3

Largest Unit Increases

Institution Unit Chng

1 PNC Bank Corp. 4,805,689

2 National City Corp. 1,814,845

3 Glendale Federal Bank 1,575,703

4 Chemical Banking Corp. 1,559,817

5 First Union Corp. 1,461,106

6 Amsouth Bancorp. 1,067,565

7 Bank of New York 882,737

8 NationsBank Corp. 792,869

9 Fed. Home Loan Mortgage Corp. 784,577

10 BankAmerica Corp. 700,013

Largest Unit Decreases

Institution Unit Chng

1 Fleet Financial Group Inc. -14,014,725

2 Citicorp -3,484,678

3 First Bank System Inc. -751,325

4 Ahmanson (H.F.) & Co. -298,566

5 Wachovia Corp. -220,271

6 Mercury Finance Co. -206,868

7 Bankers Trust New York Corp. -196,311

8 Chase Manhattan Corp. -131,911

9 North American Mortgage Co. -119,938

10 First USA Inc. -117,452

Largest Percent Increases

Institution Pct Chng

1 Amsouth Bancorp. 108.7

2 Dean Witter Discover & Co. 98.4

3 Beneficial Corp. 86.5

4 Republic New York Corp. 75

5 TCF Financial Corp. 73.4

6 Fed. Home Loan Mortgage Corp. 67.3

7 Coast Savings Financial Inc. 67.2

8 Capstead Mortgage Corp. 63.4

9 Finova Group Inc. 57.9

10 UJB Financial Corp. 51.2

Largest Percent Decreases**

Institution Pct Chng

1 Downey Financial Corp. -87.7

2 Fleet Financial Group Inc. -56.6

3 North American Mortgage Co. -37.6

4 Citicorp -29.1

5 Capital One Financial Corp. -21.3

6 Commercial Federal Corp. -16.9

7 Chase Manhattan Wrnts-6/96 -15.2

8 Wachovia Corp. -13.4

9 First Bank System Inc. -12.8

10 Synovous Financial Corp. -11.1 ===

- AMEX listing. * Number of days to cover short interest, assuming average daily trading volume holds constant and that all volume is used in settlement of short positions. ** Rankings limited to issues with open short positions at current settlement date. Overall highlights rankings limited to issues with open short positions of at least 10,000 shares at current or prior settlement dates, with an average daily trading volume of at least 25,000 shares. S - Figures adjusted for stock split or dividend. R - Prior figures revised. Sources: New York Stock Exchange, American Stock Exchange. Compiled by American Banker.