FEI Company (FEIC) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 447,556 to 418,222 shares, with 2 days to go before the expiry. The short open interest has decreased by -6.6%, amounting to a reduction of -29,334 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 1% of the float of the company. The average daily volume of the stock is 235,026 shares. The short interest information was released on Wednesday Aug 24th after the market close.
FEI Company (NASDAQ:FEIC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $106.59 and $106.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $106.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $106.62, notching a gain of 0.09% for the day. The total traded volume was 170,304 . The stock had closed at $106.52 on the previous day.
In a related news,The officer (Executive VP, CFO) of Fei Co, Trunzo Anthony L sold 35,104 shares at $106.61 on August 10, 2016. The Insider selling transaction had a total value worth of $3,742,437. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
FEI Company is a supplier of scientific instruments and related services for nanoscale applications and solutions for industry and science. The Company operates in two segments: Industry Group and Science Group. The Industry Group consists of customers in semiconductor integrated circuit manufacturing and related industries, such as manufacturers of data storage equipment and other technologies, as well as customers in the natural resources industries, including mining and oil and gas. The Science Group includes universities, public and private research laboratories and customers in a range of industries, including metals, automobiles, aerospace and forensics. The tools are used in a laboratory. Its products include transmission electron microscopes; scanning electron microscopes (SEM); DualBeamTM systems which combine a SEM and a focused ion beam system (FIB) on a single platform; stand-alone FIBs; optical microscopes, three-dimensional modelling software and service and components.