Short Interest Update on Actuant Corporation (ATU)

Actuant Corporation (ATU) : Traders are increasing their bearish positions on the stock, as is visible by the 0.6% jump in the outstanding short positions; a total addition of 36,193 shares on the sell side. On Jul 29, 2016, the total short positions were 5,997,597 shares, which went up to 6,033,790 shares by the close of trading on August 15, 2016. It will take 16 days for the bears to roll over or cover. An average of 376,881 shares exchange hands daily. 10.6% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.

Actuant Corporation (NYSE:ATU): The stock opened at $24.44 on Wednesday but the bulls could not build on the opening and the stock topped out at $24.65 for the day. The stock traded down to $23.90 during the day, due to lack of any buying support eventually closed down at $23.90 with a loss of -2.65% for the day. The stock had closed at $24.55 on the previous day. The total traded volume was 649,897 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Actuant Corp, Baker Randal W, had purchased 10,795 shares in a transaction dated on July 11, 2016. The transaction was executed at $23.14 per share with total amount equaling $249,796.

Actuant Corporation is a global diversified company that designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company is organized into three operating segments: Industrial, Energy and Engineered Solutions. The Industrial segment is involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets. The Energy segment provides joint integrity products and services, customized offshore vessel mooring solutions, as well as rope and cable solutions to the global oil & gas, power generation and other energy markets. The Engineered Solutions segment provides highly engineered position and motion control systems to original equipment manufacturers (OEM) in various on and off-highway vehicle markets, as well as, a variety of other products to the industrial and agricultural markets.

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