Short Interest Update on Harman International Industries Incorporated (HAR)

Harman International Industries Incorporated (HAR) has 2,535,031 shares of shorts outstanding as on August 15, 2016, with 2 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 3,010,560 shares. The stock has a decent trading volume of 1,313,520 shares daily. The marginal decrease in the short positions is by -15.8%, which amounts to -475,529 shares. Short positions are 3.7% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

Harman International Industries Incorporated (NYSE:HAR): The stock opened at $85.59 on Wednesday but the bulls could not build on the opening and the stock topped out at $86.04 for the day. The stock traded down to $84.58 during the day, due to lack of any buying support eventually closed down at $85.00 with a loss of -1.05% for the day. The stock had closed at $85.90 on the previous day. The total traded volume was 549,396 shares.


In a related news, The Securities and Exchange Commission has divulged that Parker Herbert K, (EVP, Operational Excellence) of Harman International Industries Inc /De/, had unloaded 5,006 shares at an average price of $85.13 in a transaction dated on August 11, 2016. The total value of the transaction was worth $426,161.

Harman International Industries, Incorporated, is engaged in the designing and engineering of connected products and solutions for automakers, consumers and enterprises, including audio systems, visual products, enterprise automation solutions and connected services. The Company operates through four segments. The Infotainment segment offers infotainment systems for vehicle applications. The Lifestyle segment offers car audio systems for vehicle applications, as well as a range of loudspeaker and electronics for home, multimedia and mobile applications. The Professional segment provides audio, lighting, video and control and automation solutions for commercial, enterprise and public space applications. The Services segment creates software solutions that integrate design, mobility, cloud and analytics. Its brands include AKG, AMX, Crown, Harman/Kardon, Infinity, JBL, JBL Professional, Lexicon, Mark Levinson, Martin, Revel, Soundcraft and Studer.

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