The Travelers Companies (NYSE:TRV) has seen a rise of 521,221 shares or 8.1% in the short interest. The remaining shorts are 2.4% of the total floated shares. The net short interest, as on June 15,2016, stood at 6,949,668 shares and the stocks days to cover will be 5 by factoring in the average per day volume of 1,301,617 shares. On May 31,2016, 6,428,447 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
The Travelers Companies (NYSE:TRV): The stock opened at $109.31 on Friday but the bulls could not build on the opening and the stock topped out at $112.42 for the day. The stock traded down to $109.19 during the day, due to lack of any buying support eventually closed down at $111.02 with a loss of -2.49% for the day. The stock had closed at $113.85 on the previous day. The total traded volume was 2,423,979 shares.
The company shares have rallied 15.48% from its 1 Year high price. On Apr 4, 2016, the shares registered one year high at $118.28 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $112.76 and the 200 Day Moving Average price is recorded at $111.23.
The Travelers Companies (NYSE:TRV) has tumbled 0.75% during the past week and has dropped 2.77% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.9% and the outperformance has advanced to 0.17% for the last 4 weeks period.
The Travelers Companies, Inc. is a holding company. Through its subsidiaries, the Company is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, Government units, associations and individuals. The Company has three operating segments: Business and International Insurance segment, Bond & Specialty Insurance segment and the Personal Insurance segment. Business and International Insurance segment offers a range of property and casualty insurance and insurance related services to its customers, primarily in the United States, as well as in Canada, the United Kingdom, the Republic of Ireland and throughout other parts of the world. Bond & Specialty Insurance segment provides surety, crime, management and professional liability coverages, and related risk management services. Personal Insurance segment includes a range of property and casualty insurance covering individuals personal risks.