Wabco Holdings June 15th Short Interest Update

Wabco Holdings (NYSE:WBC), A drop of 181,488 shares or 8.1% was seen in the short interest of Wabco Holdings Inc. Even as the interest dropped from 2,231,832 shares on May 31,2016 to 2,050,344 shares on June 15,2016, the days to cover came in at 6. The updated interest stood at 3.7% of the stocks floats. The stock has seen an average daily volume of 368,442 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Wabco Holdings (NYSE:WBC): The stock opened at $101.18 on Friday but the bulls could not build on the opening and the stock topped out at $103.49 for the day. The stock traded down to $95.00 during the day, due to lack of any buying support eventually closed down at $95.00 with a loss of -12.58% for the day. The stock had closed at $108.67 on the previous day. The total traded volume was 2,472,419 shares.

The company shares have dropped -21.70% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $126.39 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $105.25 and the 200 Day Moving Average price is recorded at $100.61.

Wabco Holdings (NYSE:WBC) has tumbled 9.63% during the past week and has dropped 10.39% 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 8.13%. Wabco Holdings (NYSE:WBC) has underperformed the index by 7.68% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

WABCO Holdings Inc. is a global supplier of electronic, mechanical and mechatronic products. The Company develops, manufactures and sells control systems, including advanced braking, stability, suspension, transmission automation, air compression and processing. Its product groups include actuator, air compressor and air processing/air management system, foundation brake, anti-lock braking system (ABS), conventional braking system, electronic braking system (EBS), electronic and conventional air suspension systems, transmission automation, vehicle electronic architecture, vehicle electronic stability control and roll stability support. Its solutions include TX-TRAILERGUARD fleet management solution, mBSP modular braking system platform, OptiPace, OptiFlow Tail solution, OnGuardPLUS AEBS and OnGuardPLUS, among others. It sells its products to truck and bus original equipment manufacturers (OEMs), trailer OEMs, commercial vehicle aftermarket distributors and car manufacturers.

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