Crown Holdings June 15th Short Interest Update

Crown Holdings (NYSE:CCK) encountered a rise of 24.8% or 246,368 shares in the short positions. The number escalated from 992,339 on May 31,2016 to 1,238,707 on June 15,2016. The final interest is 0.9% of the floated stock. The days to cover figure of 2 can be arrived using the average daily exchange of 754,134 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Crown Holdings (NYSE:CCK): The stock opened at $51.39 on Friday but the bulls could not build on the opening and the stock topped out at $51.87 for the day. The stock traded down to $49.78 during the day, due to lack of any buying support eventually closed down at $49.81 with a loss of -6.50% for the day. The stock had closed at $53.27 on the previous day. The total traded volume was 2,848,797 shares.

The company shares have dropped -7.00% from its 1 Year high price. On May 12, 2016, the shares registered one year high at $55.44 and the one year low was seen on Feb 4, 2016. The 50-Day Moving Average price is $53.05 and the 200 Day Moving Average price is recorded at $49.71.

Crown Holdings (NYSE:CCK) has tumbled 5.86% during the past week and has dropped 5.05% 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 4.3%. Crown Holdings (NYSE:CCK) has underperformed the index by 2.18% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Crown Holdings, Inc. is engaged in design, manufacture and sale of packaging products for consumer goods. The Companys business is organized within three divisions, Americas, Europe and Asia Pacific. Within each Division, the Company is organized along product lines. Within the Americas Division, the Company operates Americas Beverage and North America Food. Within the European Division, the Company operates European Beverage and European Food. The Companys Asia Pacific Division consists of beverage can operations and also includes the Companys non-beverage can operations, such as food cans and specialty packaging. The Company also operates European aerosol and specialty packaging business, its North American aerosol can business and its tooling and equipment operations in the United States and United Kingdom. The Companys products include steel and aluminum cans for food, beverage, household and other consumer products, and metal vacuum closures and caps.

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