Westinghouse Air Brake Technologies Corporation June 15th Short Interest Update

Westinghouse Air Brake Technologies Corporation (NYSE:WAB), A drop of 31,272 shares or 0.2% was seen in the short interest of Westinghouse Air Brake. Even as the interest dropped from 14,434,895 shares on May 31,2016 to 14,403,623 shares on June 15,2016, the days to cover came in at 23. The updated interest stood at 16.8% of the stocks floats. The stock has seen an average daily volume of 616,481 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB): The stock opened at $70.77 on Friday but the bulls could not build on the opening and the stock topped out at $72.48 for the day. The stock traded down to $70.21 during the day, due to lack of any buying support eventually closed down at $70.25 with a loss of -5.70% for the day. The stock had closed at $74.50 on the previous day. The total traded volume was 2,143,977 shares.

The company shares have dropped -24.91% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $103.07 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $76.48 and the 200 Day Moving Average price is recorded at $73.48.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has tumbled 3.9% during the past week and has dropped 9.79% 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 2.3%. Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has underperformed the index by 7.06% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Westinghouse Air Brake Technologies Corporation (Wabtec) is a provider of technology-based products and services to freight rail and passenger transit industries. The Companys products are used in locomotives, freight cars subway cars and buses, and other vehicles in United States and other countries across the world. The Company operates through two business segments: the Freight Segment and the Transit Segment. The Freight Segment manufactures and services components for new and existing locomotive and freight cars, supplies railway electronics, positive train control equipment, signal design and engineering services, builds switcher locomotives, rebuilds freight locomotives and provides heat exchangers and cooling systems for rail and other industrial markets. The Transit Segment manufactures and services components for new and existing passenger transit vehicles, such as subway cars and buses, builds new commuter locomotives and refurbishes subway cars.

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