Short Interest Update on Owens & Minor (OMI)

Owens & Minor (OMI) : The short interest in Owens & Minor (OMI) has increased from 7,842,765 to 8,132,463 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 650,135 shares are traded daily in the stock and only 13 days are left for the shorts to cover. The short open interest is 13.2% of the total shares in the hands of the public. The shorts in the stock have gone up by 289,698 shares, which is an increase of 3.7% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

Owens & Minor (NYSE:OMI): The stock opened at $33.90 on Wednesday but the bulls could not build on the opening and the stock topped out at $33.92 for the day. The stock traded down to $33.59 during the day, due to lack of any buying support eventually closed down at $33.64 with a loss of -0.65% for the day. The stock had closed at $33.86 on the previous day. The total traded volume was 385,383 shares.


In a related news, Smith Craig R, director of Owens & Minor Inc/Va/, unloaded 7,500 shares at an average price of $35.42 on August 5, 2016. The total amount of the transaction was worth $265,650, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Owens & Minor, Inc. is a healthcare logistics company. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company operates in two segments: Domestic and International. Domestic segment includes all functions in the United States relating to its role as a healthcare logistics company providing distribution, packaging and logistics services to healthcare providers and manufacturers. International segment consists of its European third-party logistics and packaging businesses. It is focused on its operations on healthcare logistics services and provides its customers with a service portfolio that covers procurement, inventory management, delivery and sourcing of products for the healthcare market. Its customers include hospitals, integrated healthcare systems, group purchasing organizations, manufacturers of life-science and medical devices and supplies, including pharmaceuticals.

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