American Axle & Manufacturing Holdings June 15th Short Interest Update

American Axle & Manufacturing Holdings (NYSE:AXL), A increase of 1,938,806 shares or 56.9% was observed in the short interest of Amer Axle & Manufacturing Hldg The interest on June 15,2016 came in at 5,345,719 shares and as per the average daily trading of 1,188,711 shares, the days to cover are 4. The increased interest is 7.4% of the floated shares. The data of May 31,2016 put the interest at 3,406,913 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

American Axle & Manufacturing Holdings (NYSE:AXL): The stock opened at $14.88 on Friday but the bulls could not build on the opening and the stock topped out at $14.99 for the day. The stock traded down to $14.74 during the day, due to lack of any buying support eventually closed down at $14.80 with a loss of -6.33% for the day. The stock had closed at $15.80 on the previous day. The total traded volume was 2,234,251 shares.

The company shares have dropped -29.76% from its 1 Year high price. On Nov 2, 2015, the shares registered one year high at $23.00 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $15.98 and the 200 Day Moving Average price is recorded at $15.67.

American Axle & Manufacturing Holdings (NYSE:AXL) has tumbled 7.9% during the past week and has dropped 11.59% 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 6.37%. American Axle & Manufacturing Holdings (NYSE:AXL) has underperformed the index by 8.91% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

American Axle & Manufacturing Holdings, Inc. is an automotive supplier. The Company manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules. The Company provides these components for light trucks, sport utility vehicles (SUVs), passenger cars, crossover vehicles and commercial vehicles. Driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels. Its driveline, drivetrain and related products include axles, driveheads, chassis modules, driveshafts, power transfer units, transfer cases, chassis and steering components, transmission parts, electric drive systems and metal-formed products. The Companys technologies include PowerLite axles, PowerDense gears and PowerFilm lubricant for passenger car, light truck and AWD applications. It operates in 13 countries and has 37 manufacturing, engineering and business office facilities across the world.

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