Dorman Products (DORM) : 21 days before expiry, shorts in Dorman Products (DORM) have reduced from 3,944,761 on Jul 29, 2016, to 3,529,114 on August 15, 2016. On an average, 166,250 shares are traded on the exchange. The outstanding bearish positions are equal to 11.5% of the float. Short sellers have covered -415,647 shares, a reduction of -10.5%, 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.
Dorman Products (NASDAQ:DORM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.68 and $61.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.77, notching a gain of 0.50% for the day. The total traded volume was 173,478 . The stock had closed at $62.46 on the previous day.
In a related news,The officer (SVP, Product) of Dorman Products, Inc., Kealey Michael sold 2,710 shares at $54.28 on June 15, 2016. The Insider selling transaction had a total value worth of $147,099. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Dorman Products, Inc. (Dorman) is a supplier of replacement parts and fasteners for passenger cars, light trucks, and heavy duty trucks in the automotive aftermarket. The Company distributes and markets approximately 140,000 different stock keeping units (SKUs) of automotive replacement parts and fasteners. Approximately 85% of the Companys products are sold under brands that it owns and the remainders of its products are sold for resale under customers private labels, other brands or in bulk. The Company also generates revenues from the sale of parts that it packages for sale in bulk or under the private labels of parts manufacturers and national warehouse distributors. The Company groups its products into four classes: power-train, automotive body, chassis and hardware. Its sub-brands include DORMAN OE Solutions, DORMAN HELP!, DORMAN TECHoice, DORMAN AutoGrade, DORMAN Conduct-Tite!, DORMAN FirstStop and DORMAN HD Solutions.