Polaris Industries (PII) : The short interest in Polaris Industries (PII) has increased from 13,692,579 to 13,803,943 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 727,218 shares are traded daily in the stock and only 19 days are left for the shorts to cover. The short open interest is 23.3% of the total shares in the hands of the public. The shorts in the stock have gone up by 111,364 shares, which is an increase of 0.8% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Polaris Industries (NYSE:PII): The stock opened at $93.11 on Wednesday but the bulls could not build on the opening and the stock topped out at $93.92 for the day. The stock traded down to $91.46 during the day, due to lack of any buying support eventually closed down at $91.65 with a loss of -1.60% for the day. The stock had closed at $93.14 on the previous day. The total traded volume was 512,485 shares.
In a related news, Farr Kevin M, director of Polaris Industries Inc/Mn, executed a transaction worth $174,615 on May 23, 2016. A total of 2,100 shares were purchased at an average price of $83.15. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.