The short interest in Old Republic International Corporation (NYSE:ORI) has declined from 4,102,059 on May 31,2016 to 4,059,780 on June 15,2016. The change was measured at 42,279 shares or 1%. The leftover shorts were 1.7% of the floated shares. The days to cover are 3, given the average daily volume of 1,218,004 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Old Republic International Corporation (NYSE:ORI): The stock opened at $18.53 on Friday but the bulls could not build on the opening and the stock topped out at $19.01 for the day. The stock traded down to $18.49 during the day, due to lack of any buying support eventually closed down at $18.69 with a loss of -2.61% for the day. The stock had closed at $19.19 on the previous day. The total traded volume was 2,924,405 shares.
The company shares have rallied 20.04% from its 1 Year high price. On May 31, 2016, the shares registered one year high at $19.36 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $18.94 and the 200 Day Moving Average price is recorded at $18.38.
Stocks of Old Republic International Corporation (NYSE:ORI) rallied by 1.8% during the past week but lost 2.96% on a 4-week basis. The company has outperformed the S&P 500 by 3.49% in the past week but underperformed the index by 0.02% in the last 4 weeks.
Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through a number of regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group; Title Insurance Group, and the Republic Financial Indemnity Group (RFIG) Run-off Business. General Insurance segment is a commercial lines insurance business with a focus on liability insurance coverages. These coverages are provided to businesses, Government and other institutions. Title Insurance Groups business consists of the issuance of policies to real estate purchasers and investors based upon searches of the public records which contain information concerning interests in real property. RFIG run-off business consists of its mortgage guaranty and CCI operations.