Rockwell Automation June 15th Short Interest Update

Rockwell Automation (NYSE:ROK), A drop of 213,071 shares or 3.1% was seen in the short interest of Rockwell Automation Inc. Even as the interest dropped from 6,836,278 shares on May 31,2016 to 6,623,207 shares on June 15,2016, the days to cover came in at 10. The updated interest stood at 5.1% of the stocks floats. The stock has seen an average daily volume of 693,274 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Rockwell Automation (NYSE:ROK): The stock opened at $115.37 on Friday but the bulls could not build on the opening and the stock topped out at $117.00 for the day. The stock traded down to $112.08 during the day, due to lack of any buying support eventually closed down at $112.37 with a loss of -6.76% for the day. The stock had closed at $120.52 on the previous day. The total traded volume was 2,047,196 shares.

The company shares have dropped -8.58% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $126.77 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $115.46 and the 200 Day Moving Average price is recorded at $107.41.

Rockwell Automation (NYSE:ROK) has tumbled 3.71% during the past week and has dropped 3.55% 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 2.11%. Rockwell Automation (NYSE:ROK) has underperformed the index by 0.64% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Rockwell Automation, Inc. (Rockwell Automation), is a provider of industrial automation power, control and information solutions that help manufacturers achieve a competitive advantage for their businesses. The Company operates in two segments: Architecture & Software, which deals in hardware, software and communication components of the organization, and controls Products & Solutions that handles a portfolio of intelligent motor control and industrial control products, application expertise and project management capabilities. In the United States, Canada and certain other countries, the Company sells primarily through the independent distributors in conjunction with its direct sales force. In the remaining countries, the Company sells through a combination of its direct sales force.

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