Alaska Air Group June 15th Short Interest Update

Alaska Air Group (NYSE:ALK), A reduction of 423,892 shares or 4.1% was observed in the short interest of Alaska Air Group The interest on June 15,2016 came in at 9,791,762 shares and as per the average daily trading of 1,706,814 shares, the days to cover are 6. The reduced interest is 8% of the floated shares. The data of May 31,2016 put the interest at 10,215,654 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Alaska Air Group (NYSE:ALK): The stock opened at $57.02 on Friday but the bulls could not build on the opening and the stock topped out at $58.24 for the day. The stock traded down to $56.29 during the day, due to lack of any buying support eventually closed down at $56.49 with a loss of -4.48% for the day. The stock had closed at $59.14 on the previous day. The total traded volume was 3,622,388 shares.

The company shares have dropped -11.54% from its 1 Year high price. On Dec 7, 2015, the shares registered one year high at $87.17 and the one year low was seen on Jun 24, 2016. The 50-Day Moving Average price is $64.72 and the 200 Day Moving Average price is recorded at $73.20.

Alaska Air Group (NYSE:ALK) has tumbled 5.66% during the past week and has dropped 15.46% 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 4.1%. Alaska Air Group (NYSE:ALK) has underperformed the index by 12.9% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Alaska Air Group, Inc. is a holding company of Alaska Airlines Inc. (Alaska) and Horizon Air Industries Inc. (Horizon). The Company operates Alaska Airlines and Horizon Air airlines, which together with its partner regional airlines serve approximately 100 cities through a network in Alaska, the Lower 48, Hawaii, Canada and Mexico. The Company operates in three segments: Alaska Mainline, Alaska Regional and Horizon. Alaska Mainline is the Boeing 737 part of Alaskas business. Alaska Regional is Alaskas shorter distance network. Horizon operates regional aircraft. In 2014, the Company carried approximately 29 million passengers. Alaska operates a fleet of passenger jets (mainline) and contracts with Horizon SkyWest Airlines Inc. (SkyWest) and Peninsula Airways, Inc. (PenAir) for regional capacity under which Alaska receives all passenger revenue from those flights. Horizon operates a fleet of turboprop aircraft and sells all of its capacity to Alaska.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.