Woodward (WWD) : The traders have covered their outstanding shorts in Woodward (WWD) to the tune of -109,199 shares, a change of -4.1%. As on Jul 29, 2016, the outstanding shorts on the stock were 2,690,168 shares, however, by August 15, 2016, the shorts had reduced to 2,580,969 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 4.7% of the free float of the stock. It takes 14 days to cover the outstanding short positions. The stock has an average daily volume of 186,982 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Woodward (NASDAQ:WWD): The stock opened at $62.11 on Wednesday but the bulls could not build on the opening and the stock topped out at $62.30 for the day. The stock traded down to $61.34 during the day, due to lack of any buying support eventually closed down at $61.53 with a loss of -0.92% for the day. The stock had closed at $62.10 on the previous day. The total traded volume was 161,086 shares.
In a related news, The Securities and Exchange Commission has divulged that Fawzy Christopher, officer (VP, Gen Counsel & Corp Sec) of Woodward, Inc., had unloaded 6,000 shares at an average price of $59.3 in a transaction dated on August 10, 2016. The total value of the transaction was worth $355,800.
Woodward, Inc. is a designer, manufacturer, and service provider of energy controls and optimization solutions. The Company has production and assembly facilities in the United States, Europe and Asia, and promotes its products and services through its worldwide locations. The Companys is engaged in providing energy control and optimization solutions for the aerospace and energy markets. The Company focuses primarily on original equipment manufacturers (OEMs) and equipment packagers, partnering with them to bring component and system solutions to their demanding applications. The Company operates in two segments: Aerospace and Energy. The Company also provides aftermarket repair, replacement and other service support for its installed products.