Heartland Express (HTLD) : Traders are getting increasingly bearish on Heartland Express (HTLD), as can be seen in the addition of short positions from 5,936,128 on Jul 29, 2016, to 6,365,828 on August 15, 2016. The net change in shorts is 429,700 shares, an increase of 7.2%. 15 days remain before the expiry. The 14.5% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 437,998. The short interest information was released on Wednesday Aug 24th after the market close.
Heartland Express (NASDAQ:HTLD): The stock opened at $19.77 on Wednesday but the bulls could not build on the opening and the stock topped out at $20.05 for the day. The stock traded down to $19.39 during the day, due to lack of any buying support eventually closed down at $19.75 with a loss of -0.25% for the day. The stock had closed at $19.80 on the previous day. The total traded volume was 607,351 shares.
In a related news, The director, of Heartland Express Inc, Gordon Larry J. had unloaded 95,934 shares at $17.74 per share in a transaction on June 14, 2016. The total value of transaction was $1,701,869. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Heartland Express, Inc. (Heartland) is a holding company. The Company owns all of the stock of Heartland Express Inc. of Iowa, Gordon Trucking, Inc., (GTI), Heartland Express Services, Inc., Heartland Express Maintenance Services, Inc., and A & M Express, Inc. The Company, together with its subsidiaries, is a short-to-medium haul truckload carrier of general commodities. The Company provides transportation services across the United States and parts of Canada. It offers primarily asset-based transportation services in the dry van truckload market and also offers truckload temperature-controlled transportation services and non-asset based brokerage services. It provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California. The Company operates around 21 terminal facilities throughout the United States.