Short Interest Update on Knight Transportation (KNX)

Knight Transportation (KNX) : Traders are increasing their bearish positions on the stock, as is visible by the 9.6% jump in the outstanding short positions; a total addition of 802,365 shares on the sell side. On Jul 29, 2016, the total short positions were 8,332,052 shares, which went up to 9,134,417 shares by the close of trading on August 15, 2016. It will take 8 days for the bears to roll over or cover. An average of 1,134,211 shares exchange hands daily. 13.6% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.

Knight Transportation (NYSE:KNX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.15 and $29.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.24, notching a gain of 0.14% for the day. The total traded volume was 817,599 . The stock had closed at $29.20 on the previous day.


In a related news,The officer (VP of Accounting & Finance) of Knight Transportation Inc, Yu Wayne sold 3,200 shares at $29.59 on August 5, 2016. The Insider selling transaction had a total value worth of $94,688. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Knight Transportation, Inc. is a provider of multiple truckload transportation and logistics services, which involve the movement of trailer or container loads of freight from origin to destination for a single customer. The Company operates in two segments: Trucking and Logistics. Trucking segment is comprised of three operating units: dry van truckload (Dry Van); temperature-controlled truckload (Refrigerated), and drayage services (Drayage). Trucking segment provides truckload transportation, including dedicated services of various products, goods and materials. Logistics segment consists of two operating units: freight brokerage services (Brokerage) and rail intermodal (Intermodal). The Brokerage and Intermodal operating units of Logistics segment provide a multitude of shipment solutions, including additional sources of truckload capacity and alternative transportation modes. As of 2014, Trucking segment operated an average of 4,173 tractors.

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