Short Interest Update on Donaldson Company (DCI)

Donaldson Company (DCI) : 20 days before expiry, shorts in Donaldson Company (DCI) have reduced from 7,004,443 on Jul 29, 2016, to 6,699,015 on August 15, 2016. On an average, 340,692 shares are traded on the exchange. The outstanding bearish positions are equal to 5.4% of the float. Short sellers have covered -305,428 shares, a reduction of -4.4%, 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.

Donaldson Company (NYSE:DCI): The stock opened at $37.51 on Wednesday but the bulls could not build on the opening and the stock topped out at $37.59 for the day. The stock traded down to $37.32 during the day, due to lack of any buying support eventually closed down at $37.36 with a loss of -0.56% for the day. The stock had closed at $37.57 on the previous day. The total traded volume was 271,121 shares.


In a related news, The Securities and Exchange Commission has divulged that Hoffman Michael J, director of Donaldson Co Inc, had unloaded 14,400 shares at an average price of $36.52 in a transaction dated on June 7, 2016. The total value of the transaction was worth $525,888.

Donaldson Company, Inc. is a provider and manufacturer of filtration systems and replacement parts. The Company serves customers in the industrial and engine markets, including dust collection, power generation, specialty filtration, compressed air purification, off-road equipment, industrial compressors, heavy trucks and light vehicles. The Companys products are manufactured at 39 plants around the world and through three joint ventures. The Company has two reporting segments: Engine Products and Industrial Products.

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