PACCAR June 15th Short Interest Update

PACCAR (NASDAQ:PCAR) stated gains of 298,743 shares or 1.9% in the short interest. The short interest registered from 16,143,971 on May 31,2016 to 16,442,714 on June 15,2016. In terms of floated shares, the shorted positions stood at 4.8%. The stock has been averaging 1,815,529 shares daily in trading and would need 9 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

PACCAR (NASDAQ:PCAR): The stock opened at $52.94 on Friday but the bulls could not build on the opening and the stock topped out at $53.86 for the day. The stock traded down to $51.81 during the day, due to lack of any buying support eventually closed down at $51.97 with a loss of -7.77% for the day. The stock had closed at $56.35 on the previous day. The total traded volume was 9,657,924 shares.

The company shares have dropped -18.04% from its 1 Year high price. On Jul 28, 2015, the shares registered one year high at $66.43 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $55.27 and the 200 Day Moving Average price is recorded at $52.19.

PACCAR (NASDAQ:PCAR) has tumbled 4.41% during the past week and has dropped 6.58% 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 2.83%. PACCAR (NASDAQ:PCAR) has underperformed the index by 3.75% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

PACCAR Inc is a company operating in three principal industry segments: the Truck segment, includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, includes finance and leasing products and services provided to customers and dealers in the United States, Canada, Mexico, Europe and Australia. The Company also operates in Australia and Brazil, and sells trucks and parts to customers in Asia, Africa, Middle East and South America. The Companys trucks are marketed under the Kenworth, Peterbilt and DAF nameplates. It also manufactures industrial winches in two plants in the United States.

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