FedEx Corporation June 15th Short Interest Update

FedEx Corporation (NYSE:FDX) has shown a rise of 12.5% or 431,808 shares in the short positions. The bets have increased to 3,876,546 shares on June 15,2016 from 3,444,738 shares on May 31,2016. With respect to the floated shares, the shorts are 1.6%. The days to cover are calculated to be 3, using the standard per day volume of 1,231,607 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

FedEx Corporation (NYSE:FDX): The stock opened at $151.95 on Friday but the bulls could not build on the opening and the stock topped out at $154.07 for the day. The stock traded down to $149.50 during the day, due to lack of any buying support eventually closed down at $150.57 with a loss of -4.64% for the day. The stock had closed at $157.89 on the previous day. The total traded volume was 5,853,546 shares.

The company shares have dropped -11.96% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $173.12 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $161.56 and the 200 Day Moving Average price is recorded at $150.59.

FedEx Corporation (NYSE:FDX) has tumbled 7.2% during the past week and has dropped 8.45% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.66%. FedEx Corporation (NYSE:FDX) has underperformed the index by 5.68% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services under the FedEx brand. The Company offers its services through companies constituting four business segments: FedEx Express, FedEx Ground, FedEx Freight and FedEx Services. FedEx Express offers a range of domestic and international shipping services for delivery of packages and freight. FedEx Ground provides business and residential money-back guaranteed ground package delivery services. FedEx Freight offers less-than-truckload (LTL) freight services. FedEx Services provides FedExs other companies with sales, marketing, information technology, communications, customer service and certain other back-office support. The Companys subsidiaries include Federal Express Corporation, FedEx Trade Networks, Inc., FedEx Ground Package System, Inc., FedEx SmartPost, Inc., FedEx Corporate Services, Inc. and GENCO Distribution System, Inc., among others.

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