Short Interest Update on Esterline Technologies Corporation (ESL)

Esterline Technologies Corporation (ESL) : Traders are getting increasingly bearish on Esterline Technologies Corporation (ESL), as can be seen in the addition of short positions from 801,695 on Jul 29, 2016, to 871,004 on August 15, 2016. The net change in shorts is 69,309 shares, an increase of 8.6%. 2 days remain before the expiry. The 3% 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 405,851. The short interest information was released on Wednesday Aug 24th after the market close.

Esterline Technologies Corporation (NYSE:ESL): The stock opened at $76.70 on Wednesday but the bulls could not build on the opening and the stock topped out at $77.12 for the day. The stock traded down to $76.01 during the day, due to lack of any buying support eventually closed down at $76.32 with a loss of -0.55% for the day. The stock had closed at $76.74 on the previous day. The total traded volume was 185,157 shares.


In a related news, George Robert David, officer (VP,CFO, Corporate Development) of Esterline Technologies Corp, unloaded 20,800 shares at an average price of $67.07 on May 31, 2016. The total amount of the transaction was worth $1,395,056, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Esterline Technologies Corporation is a specialized manufacturing company. The Company designs, manufactures and markets engineered products and systems for application in the industries. The Company is focused on serving aerospace and defense customers. The Companys products are used in military and commercial aircraft, helicopters and land-based systems. Its products are used in the active and in-production United States military aircraft and Boeing commercial aircraft platform. In addition, its products are supplied to regional and business jet manufacturers, and aircraft engine manufacturers. The Company conducts its business in three segments: Avionics & Controls, Sensors & Systems and Advanced Materials.

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