Canadian Pacific Railway Limited (CP) : Traders are negative on Canadian Pacific Railway Limited (CP), as it has 0.7% of short positions outstanding compared to its float. The total shorts have reduced by -326,132 shares, which is a -25% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,1,302,146 to 976,014 shares. While the daily trading volume of the stock is 1,109,265, there are 1 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.
Canadian Pacific Railway Limited (NYSE:CP): The stock opened at $152.71 on Wednesday but the bulls could not build on the opening and the stock topped out at $153.73 for the day. The stock traded down to $151.96 during the day, due to lack of any buying support eventually closed down at $152.03 with a loss of -0.67% for the day. The stock had closed at $153.05 on the previous day. The total traded volume was 408,460 shares.
In a related news, Edwards Peter John, officer (VP HR & Labour Relations) of Canadian Pacific Railway Ltd/Cn, executed a transaction worth $147 on April 25, 2016. A total of 001 shares were purchased at an average price of $147. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Canadian Pacific Railway Limited (CP) operates a transcontinental railway in Canada and the United States (U.S.) and provides logistics and supply chain expertise. CP provides rail and intermodal transportation services over a network of approximately 13,700 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia (B.C.), and the United States Northeast and Midwest regions. The Company transports bulk commodities, merchandise freight and intermodal traffic. Bulk commodities include Canadian grain, U.S. grain, coal, potash, and fertilizers and sulphur. Merchandise freight consists of finished vehicles and automotive parts, chemicals and plastics, crude oil, forest products, and metals, minerals, and consumer products. Intermodal traffic consists of retail goods in overseas containers that can be transported by train, ship and truck and in domestic containers and trailers that can be moved by train and truck.