Raytheon Company June 15th Short Interest Update

Raytheon Company (NYSE:RTN), A increase of 736,425 shares or 25.1% was observed in the short interest of Raytheon Co The interest on June 15,2016 came in at 3,665,235 shares and as per the average daily trading of 1,955,021 shares, the days to cover are 2. The increased interest is 1.2% of the floated shares. The data of May 31,2016 put the interest at 2,928,810 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Raytheon Company (NYSE:RTN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $132.01 and $131.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $136.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $135.75, notching a gain of 0.68% for the day. The total traded volume was 4,282,362 . The stock had closed at $134.83 on the previous day.

The company shares have rallied 41.52% from its 1 Year high price. On Jun 10, 2016, the shares registered one year high at $137.34 and the one year low was seen on Jul 6, 2015. The 50-Day Moving Average price is $132.57 and the 200 Day Moving Average price is recorded at $126.52.

Raytheon Company (NYSE:RTN) has climbed 0.81% in the past week and advanced 4.25% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.48% and the outperformance has advanced to 7.4% for the last 4 weeks period.

Raytheon Company, together with its subsidiaries, is a technology Company that specializes in defense and other Government markets. The Company develops products, services and solutions in markets: sensing; effects; command, control, communications and intelligence (C3I); and mission support, as well as cyber and information security. The Company operates in four segments: Integrated Defense Systems (IDS); Intelligence, Information and Services; Missile Systems, and Space and Airborne Systems. The Company serves both domestic and international customers, as both a prime contractor and subcontractor on a portfolio of defense and related programs primarily for Government customers. The Companys products include Global Integrated Sensors, Integrated Air & Missile Defense, Cybersecurity and Special Missions, Global Training Solutions, Land Warfare Systems, Advanced Missile Systems, Tactical Airborne Systems, Advanced Missile Systems and Electronic Warfare Systems.

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