Trinity Industries June 15th Short Interest Update

The short interest in Trinity Industries (NYSE:TRN) has increased from 14,094,578 on May 31,2016 to 14,422,847 on June 15,2016. The change was measured at 328,269 shares or 2.3%. The leftover shorts were 9.7% of the floated shares. The days to cover are 8, given the average daily volume of 1,810,030 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Trinity Industries (NYSE:TRN): The stock opened at $18.64 on Friday but the bulls could not build on the opening and the stock topped out at $18.94 for the day. The stock traded down to $18.43 during the day, due to lack of any buying support eventually closed down at $18.59 with a loss of -4.37% for the day. The stock had closed at $19.44 on the previous day. The total traded volume was 2,573,022 shares.

The company shares have dropped -30.79% from its 1 Year high price. On Oct 23, 2015, the shares registered one year high at $30.38 and the one year low was seen on Feb 24, 2016. The 50-Day Moving Average price is $18.02 and the 200 Day Moving Average price is recorded at $19.60.

Trinity Industries (NYSE:TRN) has tumbled 1.85% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.65% in the last four weeks. The stocks have underperformed the S&P 500 by 0.22% during the past week but Trinity Industries (NYSE:TRN) it has outperformed the index in 4 weeks by 5.76%.

Trinity Industries, Inc. is a diversified industrial company that owns businesses providing products and services to the energy, transportation, chemical and construction sectors. The Companys products and services include railcars and railcar parts, the leasing, management, and maintenance of railcars, inland barges, highway products, aggregates, storage and distribution containers, structural wind towers, electric utility structures and parts and steel components. The Company operates under the following segments: the Rail Group, Construction Products Group, Inland Barge Group, Energy Equipment Group, Railcar Leasing and Management Services Group, and All Other. The Company caters to concrete producers, which include commercial, residential, highway contractors, manufacturers of masonry products, and state and local municipalities. It also caters to commercial marine transportation companies, wind turbine producers, dealers and industrial users.

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