C.H. Robinson Worldwide June 15th Short Interest Update

C.H. Robinson Worldwide (NASDAQ:CHRW) encountered a drop of 1.5% or -154,987 shares in the short positions. The number dropped from 10,248,213 on May 31,2016 to 10,093,226 on June 15,2016. The final interest is 7.2% of the floated stock. The days to cover figure of 7 can be arrived using the average daily exchange of 1,370,332 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

C.H. Robinson Worldwide (NASDAQ:CHRW): The stock opened at $70.32 on Friday but the bulls could not build on the opening and the stock topped out at $71.96 for the day. The stock traded down to $70.15 during the day, due to lack of any buying support eventually closed down at $71.64 with a loss of -0.39% for the day. The stock had closed at $71.92 on the previous day. The total traded volume was 2,208,963 shares.

The company shares have rallied 16.13% from its 1 Year high price. On Apr 26, 2016, the shares registered one year high at $76.10 and the one year low was seen on Dec 8, 2015. The 50-Day Moving Average price is $73.19 and the 200 Day Moving Average price is recorded at $69.82.

C.H. Robinson Worldwide (NASDAQ:CHRW) has tumbled 0.47% during the past week and has dropped 4.71% in the last 4 week period. The company has outperformed the S&P 500 by 1.18% in the past week but underperformed the index by 1.83% in the last 4 weeks.

C.H. Robinson Worldwide, Inc. is a third party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. The Company operates through a network of 281 offices in North America, Europe, Asia and South America. It has developed global transportation and distribution networks to provide transportation and supply chain services worldwide. It also provides sourcing services through Robinson Fresh. Sourcing business involves the buying, selling and marketing of fresh fruits, vegetables, and other perishable items. The Company supplies fresh produce through its network of independent produce growers and suppliers. Its customers include grocery retailers and restaurants, produce wholesalers and foodservice distributors. It also arranges the logistics and transportation of the products it sells and provides related supply chain services, such as replenishment, category management and merchandising.

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