Thermo Fisher Scientific Inc June 15th Short Interest Update

Thermo Fisher Scientific Inc (NYSE:TMO), A rise of 235,411 shares or 5.4% was seen in the short interest of Thermo Fisher Scientific Inc. Even as the interest increased from 4,327,430 shares on May 31,2016 to 4,562,841 shares on June 15,2016, the days to cover came in at 4. The updated interest stood at 1.2% of the stocks floats. The stock has seen an average daily volume of 1,213,409 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Thermo Fisher Scientific Inc (NYSE:TMO): The stock opened at $146.63 on Friday but the bulls could not build on the opening and the stock topped out at $148.84 for the day. The stock traded down to $144.62 during the day, due to lack of any buying support eventually closed down at $145.35 with a loss of -4.46% for the day. The stock had closed at $152.14 on the previous day. The total traded volume was 3,149,357 shares.

The company shares have rallied 12.28% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $154.81 and the one year low was seen on Sep 28, 2015. The 50-Day Moving Average price is $149.99 and the 200 Day Moving Average price is recorded at $140.56.

Thermo Fisher Scientific Inc (NYSE:TMO) has tumbled 0.61% during the past week and has dropped 4.46% in the last 4 week period. The company has outperformed the S&P 500 by 1.04% in the past week but underperformed the index by 1.57% in the last 4 weeks.

Thermo Fisher Scientific Inc. is a provider of analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics. The company operates through four segments: Life Sciences Solutions, provides reagents, instruments and consumables used in biological and medical research, discovery and production of new drugs and vaccines as well as diagnosis of disease; Analytical Instruments, provides instruments, consumables, software and services that are used in the laboratory; Specialty Diagnostics, offers diagnostic test kits, reagents, culture media, instruments and associated products, and Laboratory Products and Services, offers self-manufactured and sourced products for the laboratory.

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