AutoNation June 15th Short Interest Update

AutoNation (NYSE:AN) stated loss of 410,936 shares or 4.3% in the short interest. The short interest registered from 9,566,599 on May 31,2016 to 9,155,663 on June 15,2016. In terms of floated shares, the shorted positions stood at 10.1%. The stock has been averaging 1,248,448 shares daily in trading and would need 7 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

AutoNation (NYSE:AN): The stock opened at $46.76 on Friday but the bulls could not build on the opening and the stock topped out at $47.33 for the day. The stock traded down to $46.37 during the day, due to lack of any buying support eventually closed down at $47.03 with a loss of -3.49% for the day. The stock had closed at $48.73 on the previous day. The total traded volume was 2,134,871 shares.

The company shares have dropped -24.99% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $66.63 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $48.27 and the 200 Day Moving Average price is recorded at $49.79.

AutoNation (NYSE:AN) has tumbled 2.18% during the past week and has dropped 6.87% 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 0.56%. AutoNation (NYSE:AN) has underperformed the index by 4.05% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

AutoNation, Inc. is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, which includes vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources. It operates through three segments: The Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by General Motors, Ford and Chrysler. The Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda and Nissan. The Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW and Lexus.

Leave a Reply

Get Pre-Market Alerts!

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