Genuine Parts Company (GPC) has 3,761,703 shares of shorts outstanding as on August 15, 2016, with 7 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 4,012,214 shares. The stock has a decent trading volume of 513,124 shares daily. The marginal decrease in the short positions is by -6.2%, which amounts to -250,511 shares. Short positions are 2.6% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Genuine Parts Company (NYSE:GPC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $103.96 and $103.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $104.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $104.44, notching a gain of 0.39% for the day. The total traded volume was 510,764 . The stock had closed at $104.03 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of Genuine Parts Co, Breen Timothy P had sold 700 shares worth of $68,635 in a transaction dated April 27, 2016. In this transaction, 700 shares were sold at $98.05 per share.
Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company operates through four segments: Automotive Parts Group, which distributes automotive parts and accessory items; Industrial Parts Group, which distributes industrial replacement parts and related supplies; Office Products Group, which is engaged in the wholesale distribution of a line of office and other business related products, and Electrical/Electronic Materials Group, which distributes materials to more than 20,000 electrical and electronic manufacturers, as well as industrial assembly and specialty wire and cable markets in North America. In 2014, the Companys business was conducted from approximately 2,600 locations throughout the United States, Canada, Mexico, Australia and New Zealand.