Cintas Corporation (CTAS) has 4,578,454 shares of shorts outstanding as on August 15, 2016, with 9 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 4,981,116 shares. The stock has a decent trading volume of 521,069 shares daily. The marginal decrease in the short positions is by -8.1%, which amounts to -402,662 shares. Short positions are 5.7% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Cintas Corporation (NASDAQ:CTAS): The stock opened at $114.60 on Wednesday but the bulls could not build on the opening and the stock topped out at $114.75 for the day. The stock traded down to $113.89 during the day, due to lack of any buying support eventually closed down at $114.45 with a loss of -0.07% for the day. The stock had closed at $114.53 on the previous day. The total traded volume was 372,325 shares.
In a related news,The director of Cintas Corp, Adolph Gerald S sold 2,000 shares at $108.12 on July 25, 2016. The Insider selling transaction had a total value worth of $216,240. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Cintas Corporation provides products and services to businesses of all types. The Company is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, and first aid, safety and fire protection products and services. The Company has three segments: Rental Uniforms and Ancillary Products, Uniform Direct Sales, and First Aid, Safety and Fire Protection Services. The Companys Rental Uniforms and Ancillary Products segment consists of the rental and servicing of uniforms and other garments, including flame resistant clothing, mats, mops and shop towels and other ancillary items. The Companys Uniform Direct Sales segment consists of the direct sale of uniforms and related items. The Companys First Aid, Safety and Fire Protection Services segment consists of first aid, safety and fire protection products and services.