AutoNation (AN) : 6 days before expiry, shorts in AutoNation (AN) have reduced from 8,274,492 on Jul 29, 2016, to 7,117,730 on August 15, 2016. On an average, 1,273,561 shares are traded on the exchange. The outstanding bearish positions are equal to 7.8% of the float. Short sellers have covered -1,156,762 shares, a reduction of -14%, 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.
AutoNation (NYSE:AN): The stock opened at $48.22 on Wednesday but the bulls could not build on the opening and the stock topped out at $48.52 for the day. The stock traded down to $47.74 during the day, due to lack of any buying support eventually closed down at $47.84 with a loss of -1.08% for the day. The stock had closed at $48.36 on the previous day. The total traded volume was 488,707 shares.
In a related news,The officer (EVP – GC, Corp Dev & HR) of Autonation, Inc., Ferrando Jonathan P sold 20,000 shares at $50.32 on June 7, 2016. The Insider selling transaction had a total value worth of $1,006,400. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
AutoNation, Inc. is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, which includes vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources. It operates through three segments: The Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by General Motors, Ford and Chrysler. The Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda and Nissan. The Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW and Lexus.