The short interest in Wabash National Corporation (NYSE:WNC) has declined from 11,800,976 on May 31,2016 to 11,294,200 on June 15,2016. The change was measured at 506,776 shares or 4.3%. The leftover shorts were 17.8% of the floated shares. The days to cover are 11, given the average daily volume of 1,036,977 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Wabash National Corporation (NYSE:WNC): The stock opened at $12.63 on Friday but the bulls could not build on the opening and the stock topped out at $12.82 for the day. The stock traded down to $12.37 during the day, due to lack of any buying support eventually closed down at $12.53 with a loss of -5.22% for the day. The stock had closed at $13.22 on the previous day. The total traded volume was 2,501,092 shares.
The company shares have rallied 1.46% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $14.97 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $13.81 and the 200 Day Moving Average price is recorded at $12.44.
Wabash National Corporation (NYSE:WNC) has tumbled 4.35% during the past week and has dropped 9.14% 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 2.76%. Wabash National Corporation (NYSE:WNC) has underperformed the index by 6.39% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Wabash National Corporation (Wabash) is engaged in designing, manufacturing and marketing standard and customized truck and tank trailers and related transportation equipment. The Company operates in three segments: Commercial Trailer Products, Diversified Products and Retail. The Commercial Trailer Products segment manufactures standard and customized truck trailers. The Diversified Products segment focuses to expand its customer base, diversify its product offerings, end markets and revenues. The Retail segment includes its 15 Company-owned retail branch locations, which are strategically located in metropolitan areas to provide additional opportunities to distribute its products. The Companys commercial trailer product trademarks include Wabash, DuraPlate, DuraPlateHD, DuraPlate XD-35, FreightPro, ArcticLite, RoadRailer, Transcraft, Eagle, Eagle II, D-Eagle and Benson. Its three trailer drag reduction systems include Ventix DRS, AeroFin and AeroSkirt CX.