United Parcel Service June 15th Short Interest Update

United Parcel Service (NYSE:UPS), A drop of 755,997 shares or 5.6% was seen in the short interest of United Parcel Service. Even as the interest dropped from 13,429,442 shares on May 31,2016 to 12,673,445 shares on June 15,2016, the days to cover came in at 6. The updated interest stood at 1.8% of the stocks floats. The stock has seen an average daily volume of 2,144,577 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

United Parcel Service (NYSE:UPS): The stock opened at $104.62 on Friday but the bulls could not build on the opening and the stock topped out at $105.57 for the day. The stock traded down to $103.79 during the day, due to lack of any buying support eventually closed down at $104.41 with a loss of -2.62% for the day. The stock had closed at $107.22 on the previous day. The total traded volume was 3,627,438 shares.

The company shares have rallied 7.30% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $107.58 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $103.29 and the 200 Day Moving Average price is recorded at $100.29.

United Parcel Service (NYSE:UPS) has tumbled 0.58% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.39% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.07% and the outperformance has advanced to 4.46% for the last 4 weeks period.

United Parcel Service, Inc. is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages in over 220 countries and territories. It also provides control and visibility of customers inventories and supply chains via its UPS technology platform. The Company offers transportation, distribution, forwarding, ground freight, ocean freight, air freight, brokerage and financing services. It operates in three segments: U.S. Domestic Package, International Package and Supply Chain & Freight. Its WorldShip is a desktop shipping application that provides middle market and large customers with shipping capabilities. Customers can create custom labels, set up shipment alerts, create and upload customs documentation, track and export shipments, create reports and integrate with their enterprise resource planning and accounting systems. UPS marketplace shipping allows marketplace sellers to ship their orders via www.ups.com or WorldShip.

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