Enersys (ENS) : Traders are getting increasingly bearish on Enersys (ENS), as can be seen in the addition of short positions from 749,690 on Jul 29, 2016, to 760,626 on August 15, 2016. The net change in shorts is 10,936 shares, an increase of 1.5%. 3 days remain before the expiry. The 1.8% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 277,609. The short interest information was released on Wednesday Aug 24th after the market close.
Enersys (NYSE:ENS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.03 and $71.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $72.05, notching a gain of 1.69% for the day. The total traded volume was 430,457 . The stock had closed at $70.85 on the previous day.
In a related news, The officer (Executive Vice President & CFO), of Enersys, Schmidtlein Michael J had unloaded 19,842 shares at $69.83 per share in a transaction on August 15, 2016. The total value of transaction was $1,385,567. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company also manufacture, market and distribute related products such as chargers, power equipment, outdoor cabinet enclosures and battery accessories. It provides related after-market and customer-support services for industrial batteries. The Company has two primary product lines: reserve power products and motive power products. Reserve power products are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems, or UPS applications for computer and computer-controlled systems, and other specialty power applications. Motive power products are used to provide power for electric industrial forklifts used in manufacturing, warehousing and other material handling applications, as well as mining equipment, diesel locomotive starting and other rail equipment.