Polaris Industries June 15th Short Interest Update

Polaris Industries (NYSE:PII) has shown a rise of 11.8% or 1,183,966 shares in the short positions. The bets have increased to 11,194,530 shares on June 15,2016 from 10,010,564 shares on May 31,2016. With respect to the floated shares, the shorts are 18.7%. The days to cover are calculated to be 8, using the standard per day volume of 1,417,663 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Polaris Industries (NYSE:PII): The stock opened at $82.93 on Friday but the bulls could not build on the opening and the stock topped out at $83.37 for the day. The stock traded down to $80.00 during the day, due to lack of any buying support eventually closed down at $80.45 with a loss of -5.46% for the day. The stock had closed at $85.10 on the previous day. The total traded volume was 2,012,120 shares.

The company shares have dropped -45.18% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $156.35 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $83.98 and the 200 Day Moving Average price is recorded at $88.15.

Polaris Industries (NYSE:PII) has tumbled 3.1% during the past week and has dropped 6.9% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.49%. Polaris Industries (NYSE:PII) has underperformed the index by 4.08% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Polaris Industries Inc. (Polaris) designs, engineers and manufactures off-road vehicles (ORV), including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use, snowmobiles, motorcycles and small vehicles (SV). These products are sold through dealers and distributors located in the United States, Canada and Europe. The Companys ORVs include core ATVs, and RANGER and RZR side-by-side vehicles. The Company produces a range of snowmobiles, consisting of 32 models, ranging from youth models to utility and economy models to performance and competition models. Polaris Motorcycles division consists of Victory, Indian motorcycles and three-wheel roadster motorcycle, Slingshot. The Company offer products in the light-duty hauling, people mover and urban/suburban commuting sub-sectors of the small vehicles industry. The Company produces or supplies a range of replacement parts and accessories for its product lines.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.