Short Interest Update on Kirby Corporation (KEX)

Kirby Corporation (KEX) : 7 days before expiry, shorts in Kirby Corporation (KEX) have reduced from 4,841,716 on Jul 29, 2016, to 4,032,122 on August 15, 2016. On an average, 592,807 shares are traded on the exchange. The outstanding bearish positions are equal to 7.7% of the float. Short sellers have covered -809,594 shares, a reduction of -16.7%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Kirby Corporation (NYSE:KEX): The stock opened at $55.35 on Wednesday but the bulls could not build on the opening and the stock topped out at $55.65 for the day. The stock traded down to $53.46 during the day, due to lack of any buying support eventually closed down at $53.55 with a loss of -3.32% for the day. The stock had closed at $55.39 on the previous day. The total traded volume was 1,042,824 shares.


In a related news, The Securities and Exchange Commission has divulged that Miller Monte J, director of Kirby Corp, had unloaded 3,000 shares at an average price of $69.31 in a transaction dated on June 1, 2016. The total value of the transaction was worth $207,930.

Kirby Corporation is the domestic tank barge operator, transporting bulk liquid products. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services. The Marine Transportation segment is a provider of marine transportation services, operating tank barges and towing vessels transporting bulk liquid products. The Diesel Engine Services segment, sells replacement parts, provides service mechanics to overhaul and repair medium-speed and high-speed diesel engines, transmissions, reduction gears, pumps and compression products, maintains facilities to rebuild component parts or entire medium-speed and high-speed diesel engines, transmissions and entire reduction gears, and manufactures and remanufactures oilfield service equipment, including pressure pumping units. Its customers include oil service companies, offshore fishing companies, nuclear power industry, compression companies and construction companies, among others.

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