Short Interest Update on Ecolab (ECL)

Ecolab (ECL) has 3,710,262 shares of shorts outstanding as on August 15, 2016, with 4 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 3,900,367 shares. The stock has a decent trading volume of 942,676 shares daily. The marginal decrease in the short positions is by -4.9%, which amounts to -190,105 shares. Short positions are 1.3% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

Ecolab (NYSE:ECL): The stock opened at $122.28 on Wednesday but the bulls could not build on the opening and the stock topped out at $122.30 for the day. The stock traded down to $121.43 during the day, due to lack of any buying support eventually closed down at $121.71 with a loss of -0.78% for the day. The stock had closed at $122.67 on the previous day. The total traded volume was 636,079 shares.


In a related news, The Securities and Exchange Commission has divulged that Baker Douglas M Jr, director officer (Chairman and CEO) of Ecolab Inc., had unloaded 25,800 shares at an average price of $122.41 in a transaction dated on August 19, 2016. The total value of the transaction was worth $3,158,178.

Ecolab Inc. provides water, hygiene and energy technologies and services. The Company operating segments include Global Industrial, Global Institutional, Global Energy and Other. The Companys Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units. Global Institutional segment consists of the Institutional, Specialty and Healthcare operating units. The Global Energy segment provides on-site, technology-driven solutions to the global drilling, oil and gas production, refining, and petrochemical industries. Other segment consists of the pest elimination and equipment care operating units. The Companys cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, Government and education, retail, textile care and commercial facilities management sectors in over 170 countries.

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