Textron June 15th Short Interest Update

Textron (NYSE:TXT) encountered a drop of 10% or -442,992 shares in the short positions. The number dropped from 4,440,140 on May 31,2016 to 3,997,148 on June 15,2016. The final interest is 1.5% of the floated stock. The days to cover figure of 2 can be arrived using the average daily exchange of 1,789,980 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Textron (NYSE:TXT): The stock opened at $36.92 on Friday but the bulls could not build on the opening and the stock topped out at $37.20 for the day. The stock traded down to $35.84 during the day, due to lack of any buying support eventually closed down at $35.91 with a loss of -6.53% for the day. The stock had closed at $38.42 on the previous day. The total traded volume was 2,773,848 shares.

The company shares have dropped -19.38% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $45.73 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $38.33 and the 200 Day Moving Average price is recorded at $37.29.

Textron (NYSE:TXT) has tumbled 6.09% during the past week and has dropped 6.09% 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 4.53%. Textron (NYSE:TXT) has underperformed the index by 3.25% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services worldwide. It operates in five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. Textron Aviation manufactures, sells and services Beechcraft and Cessna aircraft, and services the Hawker brand of business jets. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services in the world. Textron Systems product lines consist of unmanned aircraft systems, marine and land systems, weapons and sensors, simulation, training and other defense and aviation mission support products and services. The Industrial segment designs and manufactures a range of products under three principal product lines. The Finance segment provides financing primarily to purchasers of new and pre-owned Textron Aviation aircraft and Bell helicopters.

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