Short Interest Update on Mobile Mini (MINI)

Mobile Mini (MINI) : The bears are holding on to their shorts in Accenture Plc with 18 more days remaining for them to cover their positions. The bearish positions have increased from 3,777,873 on Jul 29, 2016, to 4,041,127, on August 15, 2016. Daily, 219,422 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 263,254 shares, which is an increase of just 7%. The total short interest of 9.2% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

Mobile Mini (NASDAQ:MINI): The stock opened at $30.05 on Wednesday but the bulls could not build on the opening and the stock topped out at $30.20 for the day. The stock traded down to $29.52 during the day, due to lack of any buying support eventually closed down at $29.70 with a loss of -1.43% for the day. The stock had closed at $30.13 on the previous day. The total traded volume was 208,811 shares.


In a related news, The Securities and Exchange Commission has divulged that Goble Jeffrey S, director of Mobile Mini Inc, had unloaded 8,338 shares at an average price of $32.47 in a transaction dated on August 1, 2016. The total value of the transaction was worth $270,735.

Mobile Mini, Inc. is a provider of portable storage solutions. The Companys business comprises of two product categories, which include portable storage solutions and specialty containment solutions. Portable storage solutions consist of container and office product offerings. The Company offers a range of portable storage products with features, such as locking systems, doors, electrical wiring and shelving. Its portable storage includes steel storage containers, steel security office and steel combination offices, and wood mobile offices. The specialty containment products are offered through Evergreen Tank Solutions to the customers through 24 locations in North America, and consist of liquid and solid containment units, pumps and filtration equipment. The Companys fleet of steel tanks offers acid steel tanks, gas buster steel tanks and open top steel tanks. Additionally, it provides an offering to its customers of value-added services for managing liquid and solid waste.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.