Comfort Systems USA (FIX) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 716,077 to 556,210 shares, with 2 days to go before the expiry. The short open interest has decreased by -22.3%, amounting to a reduction of -159,867 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 1.5% of the float of the company. The average daily volume of the stock is 332,732 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Comfort Systems USA (NYSE:FIX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.91 and $28.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.02, notching a gain of 0.07% for the day. The total traded volume was 210,999 . The stock had closed at $29.00 on the previous day.
In a related news, Myers Franklin, director of Comfort Systems Usa Inc, had purchased 2,500 shares on August 8, 2016. The total value of the transaction was $71,175. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Comfort Systems USA, Inc. is a provider of heating, ventilation and air conditioning (HVAC) installation, maintenance, repair and replacement services within the mechanical services industry. It operates in the commercial, industrial and institutional HVAC markets and offers services for the industrial, healthcare, education, office, technology, retail and government facilities. In addition to standard HVAC services, the Company provides specialized applications such as building automation control systems, fire protection, process cooling, electronic monitoring and process piping. Its installation business related to newly constructed facilities involves the design, engineering, integration, installation and start-up of HVAC. Its maintenance, repair and replacement business also involves the replacement, reconfiguration and monitoring of HVAC systems and industrial process piping. Certain locations also provide related activities such as electrical service and plumbing.