Ryder System (R) : The short interest in Ryder System (R) has changed with an increase of 527,380 shares and the open interest is 22.1%. From 2,385,610 short positions on Jul 29, 2016, the shorts increased to 2,912,990 shares by August 15, 2016. There are 4 more days left for the expiry and the daily trading volume of the stock is 724,675 shares. The total interest of shorts is 5.5% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.
Ryder System (NYSE:R): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.50 and $65.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $66.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.66, notching a gain of 0.21% for the day. The total traded volume was 363,374 . The stock had closed at $65.52 on the previous day.
In a related news,The director officer (Chair and CEO) of Ryder System Inc, Sanchez Robert E sold 37,550 shares at $68.05 on May 24, 2016. The Insider selling transaction had a total value worth of $2,555,278. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Ryder System, Inc. (Ryder) is engaged in offering commercial fleet management and supply chain solutions. Ryder operates in two segments: Fleet Management Solutions (FMS) and Supply Chain Solutions (SCS). The Fleet Management Solutions segment provides service leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers in the United States, Canada and the United Kingdom. The Supply Chain Solutions segment provides supply chain solutions, including distribution and transportation services in North America and Asia. The Supply Chain Solutions segment also provides services, which includes vehicles and drivers as part of a transportation solution in the United States. In addition, the Companys SCS business, as well as its FMS business provides customers with capacity management services.