Short Interest Update on Modine Manufacturing Company (MOD)

Modine Manufacturing Company (MOD) : The traders have covered their outstanding shorts in Modine Manufacturing Company (MOD) to the tune of -19,792 shares, a change of -2.5%. As on Jul 29, 2016, the outstanding shorts on the stock were 777,516 shares, however, by August 15, 2016, the shorts had reduced to 757,724 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 1.6% of the free float of the stock. It takes 6 days to cover the outstanding short positions. The stock has an average daily volume of 126,223 shares. The short interest information was released on Wednesday Aug 24th after the market close.

Modine Manufacturing Company (NYSE:MOD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.32 and $10.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.34, notching a gain of 0.19% for the day. The total traded volume was 121,088 . The stock had closed at $10.32 on the previous day.

Modine

Modine Manufacturing Company is a developer, manufacturer and marketer of heat exchangers and systems for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications and to a range of building, industrial and refrigeration markets. The Company specializes in thermal management systems and components. The Company has five operating segments: North America, which consisted of vehicular and industrial original equipment products in North America; Europe, which consisted of vehicular and industrial original equipment products in Europe; South America, which consisted of vehicular and industrial original equipment products and aftermarket products in South America; Asia, which consisted of vehicular and industrial original equipment products in Asia, and Building Heating, Ventilating And Air Conditioning (HVAC), which consisted of building HVAC products throughout the world.

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