Short Interest Update on Triumph Group (TGI)

Triumph Group (TGI) : The short interest in Triumph Group (TGI) has changed with an increase of 1,145,158 shares and the open interest is 20.6%. From 5,556,664 short positions on Jul 29, 2016, the shorts increased to 6,701,822 shares by August 15, 2016. There are 9 more days left for the expiry and the daily trading volume of the stock is 761,949 shares. The total interest of shorts is 13.9% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.

Triumph Group (NYSE:TGI): The stock opened at $32.06 on Wednesday but the bulls could not build on the opening and the stock topped out at $32.59 for the day. The stock traded down to $31.63 during the day, due to lack of any buying support eventually closed down at $31.66 with a loss of -1.43% for the day. The stock had closed at $32.12 on the previous day. The total traded volume was 434,415 shares.


In a related news, Palmer Adam Joseph, director of Triumph Group Inc, had purchased 25,000 shares on February 10, 2016. The total value of the transaction was $640,000. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Triumph Group, Inc. (Triumph) designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. It serves the aviation industry, including original equipment manufacturers (OEMs), of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers. The Company operates in three segments: Triumph Aerostructures Group, engaged in the design, manufacture and building of metallic and composite aerostructures and structural components; Triumph Aerospace Systems Group, engaged in the design and engineering of mechanical, electromechanical, hydraulic and hydromechanical control systems, and Triumph Aftermarket Services Group, which performs maintenance, repair and overhaul services (MRO) and supplies spare parts for the commercial and military aviation industry and services airline and air cargo carrier customers.

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