Dana Holding Corporation (NYSE:DAN) has seen a rise of 81,156 shares or 2.1% in the short interest. The remaining shorts are 2.7% of the total floated shares. The net short interest, as on June 15,2016, stood at 3,987,060 shares and the stocks days to cover will be 2 by factoring in the average per day volume of 1,970,642 shares. On May 31,2016, 3,905,904 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Dana Holding Corporation (NYSE:DAN): The stock opened at $11.80 on Friday but the bulls could not build on the opening and the stock topped out at $11.84 for the day. The stock traded down to $11.27 during the day, due to lack of any buying support eventually closed down at $11.34 with a loss of -10.07% for the day. The stock had closed at $12.61 on the previous day. The total traded volume was 4,401,921 shares.
The company shares have dropped -45.03% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $21.24 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $11.96 and the 200 Day Moving Average price is recorded at $12.67.
Dana Holding Corporation (NYSE:DAN) has tumbled 6.44% during the past week and has dropped 6.2% 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 4.88%. Dana Holding Corporation (NYSE:DAN) has underperformed the index by 3.37% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Dana Holding Corporation is a global provider of high technology driveline, sealing and thermal-management products. The Company offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. It operates in four business segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies. The Light Vehicle segment products include front axles, rear axles, drive shafts and differentials, among others. The Commercial Vehicle segment products include steer axles, drive axles, drive shafts and tire inflation systems. The Off-Highway segment products include products include front axles, rear axles, drive shafts and transmissions, among others. The Power Technologies segment products include gaskets, cover modules, heat shields, engine sealing systems, cooling and heat transfer products.