Fastenal Company June 15th Short Interest Update

Fastenal Company (NASDAQ:FAST), A reduction of 197,740 shares or 0.6% was observed in the short interest of Fastenal Company The interest on June 15,2016 came in at 33,399,742 shares and as per the average daily trading of 2,289,521 shares, the days to cover are 15. The reduced interest is 11.6% of the floated shares. The data of May 31,2016 put the interest at 33,597,482 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Fastenal Company (NASDAQ:FAST): The stock opened at $43.92 on Friday but the bulls could not build on the opening and the stock topped out at $44.36 for the day. The stock traded down to $43.51 during the day, due to lack of any buying support eventually closed down at $43.75 with a loss of -3.97% for the day. The stock had closed at $45.56 on the previous day. The total traded volume was 3,880,991 shares.

The company shares have rallied 3.65% from its 1 Year high price. On Mar 21, 2016, the shares registered one year high at $49.99 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $45.39 and the 200 Day Moving Average price is recorded at $44.12.

Fastenal Company (NASDAQ:FAST) has tumbled 1.62% during the past week and has dropped 4.89% in the last 4 week period. The company has outperformed the S&P 500 by 0.01% in the past week but underperformed the index by 2.01% in the last 4 weeks.

Fastenal Company sells industrial and construction supplies to end-users (business-to-business), and also has some walk-in retail business. The Companys product offerings include fasteners and other industrial and construction supplies, many of which are sold under the Fastenal product name. The Companys product line, which it refers to as the fastener product line, consists of two categories: threaded fasteners, such as bolts, nuts, screws, studs and related washers, and miscellaneous supplies and hardware, such as various pins and machinery keys, concrete anchors, metal framing systems, wire rope, strut, rivets and related accessories. The Companys product line includes fasteners, cutting tools, tools, hydraulics and pneumatics, material handling, janitorial supplies, electrical supplies, welding supplies, safety supplies, metals, direct ship and office supplies. It operates approximately 14 distribution centers in North America.

Leave a Reply

Get Pre-Market Alerts!

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