Short Interest Update on Atlas Air Worldwide Holdings (AAWW)

Atlas Air Worldwide Holdings (AAWW) : 2 days before expiry, shorts in Atlas Air Worldwide Holdings (AAWW) have reduced from 1,038,661 on Jul 29, 2016, to 1,037,735 on August 15, 2016. On an average, 417,758 shares are traded on the exchange. The outstanding bearish positions are equal to 4.3% of the float. Short sellers have covered -926 shares, a reduction of -0.1%, 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.

Atlas Air Worldwide Holdings (NASDAQ:AAWW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.53 and $35.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.56, notching a gain of 1.48% for the day. The total traded volume was 250,568 . The stock had closed at $35.04 on the previous day.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Atlas Air Worldwide Holdings Inc, Wulff John K, had purchased 10,000 shares in a transaction dated on August 10, 2016. The transaction was executed at $35.07 per share with total amount equaling $350,700.

Atlas Air Worldwide Holdings, Inc. (AAWW) is a holding company with a principal wholly owned operating subsidiary, Atlas Air, Inc. (Atlas). The Company is a global provider of outsourced aircraft and aviation operating services, operating a fleet of around 747 freighters, as well as operating 747 and 767 passenger aircraft and 767 freighters. It operates through three segments: ACMI, Charter and Dry Leasing. The ACMI segment provides aircraft, crew, maintenance and insurance services to customers. Also included in the ACMI segment is CMI, which provides crew, maintenance and insurance services. The Charter segment provides full planeload air cargo and passenger aircraft charters to customers, including the air mobility command (AMC), brokers, freight forwarders, direct shippers, airlines, sports teams and fans, and private charter customers. The Dry Leasing segment provides the leasing of aircraft and engines to customers, and operates through Titan, a cargo aircraft dry lessor.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.