Colfax Corporation June 15th Short Interest Update

Colfax Corporation (NYSE:CFX) reported a rise of 4.1% or 234,800 shares in its short interest. The short figure came in at 6.8% of the total floats. The average daily volume of 910,776 shares suggests that the days to cover 5,901,363 short positions, as on June 15,2016, will be 6. On May 31,2016, the short interest was 5,666,563 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Colfax Corporation (NYSE:CFX): The stock opened at $29.12 on Friday but the bulls could not build on the opening and the stock topped out at $29.28 for the day. The stock traded down to $26.59 during the day, due to lack of any buying support eventually closed down at $26.89 with a loss of -12.69% for the day. The stock had closed at $30.80 on the previous day. The total traded volume was 2,257,195 shares.

The company shares have dropped -41.22% from its 1 Year high price. On Jun 30, 2015, the shares registered one year high at $46.92 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $27.34 and the 200 Day Moving Average price is recorded at $26.23.

Colfax Corporation (NYSE:CFX) has tumbled 5.18% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.34% in the last four weeks. The stocks have underperformed the S&P 500 by 3.61% during the past week but Colfax Corporation (NYSE:CFX) it has outperformed the index in 4 weeks by 3.37%.

Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid-handling, and fabrication technology products and services to commercial and Governmental customers around the world under the Howden, ESAB and Colfax Fluid Handling brand names. The Companys segments include gas and fluid handling, and fabrication technology. The gas and fluid handling segment supplies a range of products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps, fluid-handling systems and controls and specialty valves, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets. Fabrication technology segment formulates, develops, manufactures and supplies consumable products and equipment for the cutting and joining of steels, aluminum, and other metals and metal alloys.

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