Short Interest Update on Ritchie Bros. Auctioneers Incorporated (RBA)

Ritchie Bros. Auctioneers Incorporated (RBA) : 9 days before expiry, shorts in Ritchie Bros. Auctioneers Incorporated (RBA) have reduced from 7,601,500 on Jul 29, 2016, to 7,456,421 on August 15, 2016. On an average, 852,761 shares are traded on the exchange. The outstanding bearish positions are equal to 7% of the float. Short sellers have covered -145,079 shares, a reduction of -1.9%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.56 and $27.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.80, notching a gain of 0.40% for the day. The total traded volume was 634,563 . The stock had closed at $27.69 on the previous day.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Bus. Dev. Officer) of Ritchie Bros Auctioneers Inc, Mcleod Robert Alastair had sold 10,088 shares worth of $247,560 in a transaction dated March 10, 2016. In this transaction, 10,088 shares were sold at $24.54 per share.

Ritchie Bros. Auctioneers Incorporated is an auctioneer of industrial equipment. The Company is engaged in providing unreserved auction services to equipment buyers and sellers. Ritchie Bros. focuses on the sale of heavy machinery. The Company operates through two segments: Core Auction segment and EquipmentOne segment. Core Auction segment offers a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding. EquipmentOne segment is a secure online marketplace that facilitates private equipment transactions. The Company sells equipment through unreserved auctions at around 44 auction sites around the world. Through the Companys unreserved auctions and online marketplaces, it sells a range of used and unused industrial assets, including equipment, trucks and other assets used in the construction, transportation, agricultural, material handling, mining, forestry, energy and marine industries.

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