Xylem (NYSE:XYL), A rise of 413,489 shares or 12.3% was seen in the short interest of Xylem Inc. Even as the interest increased from 3,350,698 shares on May 31,2016 to 3,764,187 shares on June 15,2016, the days to cover came in at 3. The updated interest stood at 2.1% of the stocks floats. The stock has seen an average daily volume of 1,131,689 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Xylem (NYSE:XYL): The stock opened at $44.55 on Friday but the bulls could not build on the opening and the stock topped out at $45.31 for the day. The stock traded down to $44.13 during the day, due to lack of any buying support eventually closed down at $44.14 with a loss of -4.77% for the day. The stock had closed at $46.35 on the previous day. The total traded volume was 2,883,388 shares.
The company shares have rallied 21.73% from its 1 Year high price. On Jun 20, 2016, the shares registered one year high at $46.67 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $44.60 and the 200 Day Moving Average price is recorded at $39.68.
Xylem (NYSE:XYL) has tumbled 3.05% during the past week and has dropped 0.96% in the last 4 week period. The stocks have underperformed the S&P 500 by 1.44% during the past week but Xylem (NYSE:XYL) it has outperformed the index in 4 weeks by 2.03%.
Xylem Inc. is engaged in the design, manufacturing, and application of engineered technologies for the water industry. The Company is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment. The Company is an equipment and service provider in various application areas of the water equipment industry: transport, treatment, test, building services, industrial processing and irrigation. The Companys water market brands, such as Bell & Gossett and Flygt. The Company sells its products in more than 150 countries through a distribution network consisting of direct sales force and independent channel partners. The Company has two business segments: Water Infrastructure (collection, distribution and return) and Applied Water (usage).