Short Interest Update on AGCO Corporation (AGCO)

AGCO Corporation (AGCO) : The traders have covered their outstanding shorts in AGCO Corporation (AGCO) to the tune of -353,568 shares, a change of -3.7%. As on Jul 29, 2016, the outstanding shorts on the stock were 9,437,351 shares, however, by August 15, 2016, the shorts had reduced to 9,083,783 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 13.1% of the free float of the stock. It takes 10 days to cover the outstanding short positions. The stock has an average daily volume of 902,134 shares. The short interest information was released on Wednesday Aug 24th after the market close.

AGCO Corporation (NYSE:AGCO): The stock opened at $49.45 on Wednesday but the bulls could not build on the opening and the stock topped out at $49.56 for the day. The stock traded down to $49.02 during the day, due to lack of any buying support eventually closed down at $49.15 with a loss of -0.75% for the day. The stock had closed at $49.52 on the previous day. The total traded volume was 504,113 shares.


In a related news, The Securities and Exchange Commission has divulged that Collar Gary L, officer (Sr. VP – General Manager, APAC) of Agco Corp /De, had unloaded 5,168 shares at an average price of $51.01 in a transaction dated on May 24, 2016. The total value of the transaction was worth $263,620.

AGCO Corporation is a manufacturer and distributor of agricultural equipment and related replacement parts around the world. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage, implements, and grain storage and protein production systems. Its products are marketed under various brands, including Challenger, Fendt, GSI, Massey Ferguson and Valtra. It also provides retail financing through its finance joint ventures with Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. The Companys geographical segments include North America, South America, Europe/Africa/Middle East and Asia/Pacific. The Companys AGCO Power engines division produces diesel engines, gears and generating sets. It also offers precision farming technologies, which are installed in its products and include satellite-based steering, field data collection, yield mapping and telemetry-based fleet management systems.

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