United Rentals June 15th Short Interest Update

United Rentals (NYSE:URI) has shown a drop of 4.8% or 382,744 shares in the short positions. The bets have increased to 7,541,495 shares on June 15,2016 from 7,924,239 shares on May 31,2016. With respect to the floated shares, the shorts are 8.6%. The days to cover are calculated to be 5, using the standard per day volume of 1,581,435 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

United Rentals (NYSE:URI): The stock opened at $68.42 on Friday but the bulls could not build on the opening and the stock topped out at $69.86 for the day. The stock traded down to $65.95 during the day, due to lack of any buying support eventually closed down at $66.25 with a loss of -8.28% for the day. The stock had closed at $72.23 on the previous day. The total traded volume was 2,940,974 shares.

The company shares have dropped -24.06% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $89.39 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $67.51 and the 200 Day Moving Average price is recorded at $61.66.

United Rentals (NYSE:URI) has tumbled 2.03% during the past week and has dropped 3.14% 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 0.4%. United Rentals (NYSE:URI) has underperformed the index by 0.21% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

United Rentals, Inc. (United Rentals) is a holding company engaged in the business of equipment rental. The Company conducts its operations through its wholly owned subsidiary, United Rentals (North America), Inc. (URNA), and its subsidiaries. It operates in two segments: general rentals and trench safety, power and heating, ventilating and air conditioning (HVAC), and pump solutions. The general rentals segment consists of around 12 geographic regions, including eastern Canada, Gulf South, Mid-Atlantic, Mid-Central, Midwest, Mountain West, Northeast, Pacific West, South, Southeast and Western Canada, among others. The trench safety, power and HVAC, and pump solutions segment includes the rental of specialty construction products and related services. It offers approximately 3,300 classes of equipment on an hourly, daily, weekly or monthly basis to construction and industrial companies, manufacturers, utilities, municipalities, homeowners, Government entities and other customers.

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