Short Interest Update on J.B. Hunt Transport Services (JBHT)

J.B. Hunt Transport Services (JBHT) : Traders are getting increasingly bearish on J.B. Hunt Transport Services (JBHT), as can be seen in the addition of short positions from 3,384,603 on Jul 29, 2016, to 4,133,908 on August 15, 2016. The net change in shorts is 749,305 shares, an increase of 22.1%. 6 days remain before the expiry. The 4.7% 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 721,921. The short interest information was released on Wednesday Aug 24th after the market close.

J.B. Hunt Transport Services (NASDAQ:JBHT): The stock opened at $82.04 on Wednesday but the bulls could not build on the opening and the stock topped out at $82.47 for the day. The stock traded down to $81.82 during the day, due to lack of any buying support eventually closed down at $82.00 with a loss of -0.18% for the day. The stock had closed at $82.15 on the previous day. The total traded volume was 474,769 shares.


In a related news, The Securities and Exchange Commission has divulged that Mee David G, (Secretary) of Hunt J B Transport Services Inc, had unloaded 6,408 shares at an average price of $81.93 in a transaction dated on August 8, 2016. The total value of the transaction was worth $525,007.

J.B. Hunt Transport Services, Inc. is a holding company that, together with its wholly owned subsidiaries, is engaged in providing surface transportation, delivery and logistics services. The Company operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The JBI segment includes freight that is transported by rail and certain repositioning truck freight moved by JBI equipment or third-party carriers. DCS segment includes company-owned and customer-owned DCS-operated revenue equipment and employee drivers assigned to a specific customer, traffic lane or service. ICS provides non-asset and asset-light transportation solutions. ICS services include flatbed, refrigerated, and less-than-truckload (LTL), as well as a variety of dry-van and intermodal solutions. JBT business includes full-load, dry-van freight that is typically transported utilizing company-owned or company-controlled revenue equipment.

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