Air Methods Corporation (AIRM) : Traders are negative on Air Methods Corporation (AIRM), as it has 33% of short positions outstanding compared to its float. The total shorts have reduced by -432,574 shares, which is a -3.6% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,11,975,245 to 11,542,671 shares. While the daily trading volume of the stock is 449,189, there are 26 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Air Methods Corporation (NASDAQ:AIRM): The stock opened at $33.68 on Wednesday but the bulls could not build on the opening and the stock topped out at $33.89 for the day. The stock traded down to $33.14 during the day, due to lack of any buying support eventually closed down at $33.30 with a loss of -0.69% for the day. The stock had closed at $33.53 on the previous day. The total traded volume was 154,486 shares.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Air Methods Corp, Whitters Joseph E had purchased shares worth of $80,300 in a transaction dated on August 11, 2016. A total of 2,500 shares were purchased at a price of $32.12 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Air Methods Corporation is engaged in providing air medical emergency transport services and systems throughout the United States. The Company operates through divisions, including Air Medical Services, Tourism Division and United Rotorcraft Division. As of December 31, 2014, the Companys Air Medical Services Division provided air medical transportation services in 41 states to the general population as an independent service (also called community-based services) and to hospitals or other institutions (also called hospital-based services). It transports persons requiring intensive medical care from either the scene of an accident or general care hospitals to skilled trauma centers or tertiary care centers. Its Tourism Division provides helicopter tours and charter flights, primarily focusing on Grand Canyon and Hawaiian Island tours. Its United Rotorcraft Division designs, manufactures and installs aircraft medical interiors and other aerospace or medical transport products.