Northrop Grumman Corporation June 15th Short Interest Update

Northrop Grumman Corporation (NYSE:NOC) has shown a drop of 4.5% or 106,786 shares in the short positions. The bets have increased to 2,279,492 shares on June 15,2016 from 2,386,278 shares on May 31,2016. With respect to the floated shares, the shorts are 1.3%. The days to cover are calculated to be 4, using the standard per day volume of 616,604 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Northrop Grumman Corporation (NYSE:NOC): The stock opened at $209.00 on Friday but the bulls could not build on the opening and the stock topped out at $214.99 for the day. The stock traded down to $208.29 during the day, due to lack of any buying support eventually closed down at $212.71 with a loss of -0.93% for the day. The stock had closed at $214.70 on the previous day. The total traded volume was 3,184,555 shares.

The company shares have rallied 34.05% from its 1 Year high price. On May 12, 2016, the shares registered one year high at $218.84 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $214.91 and the 200 Day Moving Average price is recorded at $198.04.

Northrop Grumman Corporation (NYSE:NOC) has tumbled 0.75% during the past week and has dropped 0.8% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.9% and the outperformance has advanced to 2.2% for the last 4 weeks period.

Northrop Grumman Corporation is a global security company. The Company provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to government and commercial customers across the world. The Company operates through four segments: Aerospace Systems, Electronic Systems, Information Systems and Technical Services. It offers a portfolio of capabilities and technologies that enable it to deliver systems and solutions for applications. It participates in many high-priority defense and Government programs in the United States and abroad. The Company conducts business with the United States Government, the Department of Defense (DoD) and intelligence community. The Company also conducts business with local, state, and foreign Governments and domestic and international commercial customers.

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