Motorola Solutions (MSI) has 4,447,123 shares of shorts outstanding as on August 15, 2016, with 3 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 4,464,953 shares. The stock has a decent trading volume of 1,609,068 shares daily. The marginal decrease in the short positions is by -0.4%, which amounts to -17,830 shares. Short positions are 2.6% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Motorola Solutions (NYSE:MSI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.72 and $76.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $77.12, notching a gain of 0.17% for the day. The total traded volume was 1,078,745 . The stock had closed at $76.99 on the previous day.
In a related news, Molloy John P, officer (EVP, Worldwide Sales) of Motorola Solutions, Inc., unloaded 11,199 shares at an average price of $74.14 on August 10, 2016. The total amount of the transaction was worth $830,294, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Motorola Solutions, Inc. provides communication infrastructure, devices, accessories, software and services. The Company operates business in two segments: Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories and software. The primary customers of the Products segment are Government, public safety and first-responder agencies, municipalities, and commercial and industrial customers. The Products segment has two principal product lines: devices and systems. The Services segment provides a set of service offerings for Government, public safety and commercial communication networks. The Services segment has the following principal product lines: Integration services, Lifecycle Support services, Managed services, Smart Public Safety Solutions and Integrated Digital Enhanced Network (iDEN) services. The Company serves customers in more than 100 countries.