Joy Global June 15th Short Interest Update

The short interest in Joy Global (NYSE:JOY) has increased from 16,194,349 on May 31,2016 to 16,272,192 on June 15,2016. The change was measured at 77,843 shares or 0.5%. The leftover shorts were 16.8% of the floated shares. The days to cover are 3, given the average daily volume of 5,226,027 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Joy Global (NYSE:JOY): The stock opened at $21.25 on Friday but the bulls could not build on the opening and the stock topped out at $21.74 for the day. The stock traded down to $20.38 during the day, due to lack of any buying support eventually closed down at $20.93 with a loss of -8.04% for the day. The stock had closed at $22.76 on the previous day. The total traded volume was 13,333,432 shares.

The company shares have dropped -42.99% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $37.27 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $19.08 and the 200 Day Moving Average price is recorded at $15.28.

Joy Global (NYSE:JOY) has tumbled 6.06% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 25.71% in the last four weeks. The stocks have underperformed the S&P 500 by 4.5% during the past week but Joy Global (NYSE:JOY) it has outperformed the index in 4 weeks by 29.51%.

Joy Global Inc. is a manufacturer and servicer of high productivity mining equipment for the extraction of coal and other minerals and ores. The Company manufactures and market original equipment and aftermarket parts and services for both underground and surface mining and certain industrial applications. The Companys equipment is used in major mining regions throughout the world to mine coal, copper, iron ore, oil sands, gold and other minerals. The Company operates in two business segments: Underground Mining Machinery and Surface Mining Equipment. The Company is a manufacturer of underground mining machinery for the extraction of coal and other bedded minerals and offer service locations near major mining regions worldwide. The Company is a major producer of surface mining equipment for the extraction of ores and minerals and provides extensive operational support for many types of equipment used in surface mining.

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