Acuity Brands Inc (AYI) : 10 days before expiry, shorts in Acuity Brands Inc (AYI) have reduced from 2,025,003 on Jul 29, 2016, to 1,917,592 on August 15, 2016. On an average, 199,222 shares are traded on the exchange. The outstanding bearish positions are equal to 4.4% of the float. Short sellers have covered -107,411 shares, a reduction of -5.3%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Acuity Brands Inc (NYSE:AYI): The stock opened at $278.50 on Wednesday but the bulls could not build on the opening and the stock topped out at $279.87 for the day. The stock traded down to $274.83 during the day, due to lack of any buying support eventually closed down at $275.33 with a loss of -1.37% for the day. The stock had closed at $279.15 on the previous day. The total traded volume was 219,556 shares.
In a related news,The director officer (Chairman, President, and CEO) of Acuity Brands Inc, Nagel Vernon J sold 65,060 shares at $268.3 on July 11, 2016. The Insider selling transaction had a total value worth of $17,455,598. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Acuity Brands, Inc. (Acuity Brands), is the parent company of Acuity Brands Lighting, Inc. (ABL), and other subsidiaries. Acuity Brands is a provider of lighting solutions for commercial, institutional, industrial, infrastructure, and residential applications throughout North America and select international markets. The Companys lighting solutions include devices, such as luminaires, lighting controls, power supplies, prismatic skylights, light-emitting diode (LED) lamps, and integrated lighting systems for indoor and outdoor applications utilizing a combination of light sources, including daylight, and other devices controlled by software that monitors and manages light levels while optimizing energy consumption (collectively referred to herein as lighting solutions). On March 13, 2013, the Company acquired eldoLED Europe BV.