Illinois Tool Works June 15th Short Interest Update

Illinois Tool Works (NYSE:ITW) reported a rise of 9.1% or 688,367 shares in its short interest. The short figure came in at 2.3% of the total floats. The average daily volume of 1,804,576 shares suggests that the days to cover 8,220,430 short positions, as on June 15,2016, will be 5. On May 31,2016, the short interest was 7,532,063 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Illinois Tool Works (NYSE:ITW): The stock opened at $103.29 on Friday but the bulls could not build on the opening and the stock topped out at $104.08 for the day. The stock traded down to $101.21 during the day, due to lack of any buying support eventually closed down at $101.69 with a loss of -4.80% for the day. The stock had closed at $106.82 on the previous day. The total traded volume was 3,068,689 shares.

The company shares have rallied 11.20% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $109.54 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $105.47 and the 200 Day Moving Average price is recorded at $97.98.

Illinois Tool Works (NYSE:ITW) has tumbled 4.28% during the past week and has dropped 3.47% 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 2.69%. Illinois Tool Works (NYSE:ITW) has underperformed the index by 0.54% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Illinois Tool Works Inc. (ITW) is a manufacturer of a range of industrial products and equipment. The Companys operates in seven segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products and Specialty Products. These operations serve end markets as automotive original equipment manufacturers/tiers, automotive aftermarket, general industrial, commercial food equipment and construction. It produces components and fasteners for automotive-related applications; equipment, consumables and related software; commercial food equipment, adhesives, sealants, lubrication and cutting fluids; arc welding equipment, consumables and accessories; construction fastening systems and truss products, and beverage packaging equipment and consumables. The Company operates approximately 90 divisions in 57 countries.

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