Progressive Corporation (The) June 15th Short Interest Update

Progressive Corporation (The) (NYSE:PGR) has shown a rise of 6.1% or 403,444 shares in the short positions. The bets have increased to 7,054,120 shares on June 15,2016 from 6,650,676 shares on May 31,2016. With respect to the floated shares, the shorts are 1.2%. The days to cover are calculated to be 3, using the standard per day volume of 2,695,245 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Progressive Corporation (The) (NYSE:PGR): The stock opened at $31.45 on Friday but the bulls could not build on the opening and the stock topped out at $32.02 for the day. The stock traded down to $31.28 during the day, due to lack of any buying support eventually closed down at $31.68 with a loss of -2.49% for the day. The stock had closed at $32.49 on the previous day. The total traded volume was 5,671,385 shares.

The company shares have rallied 13.92% from its 1 Year high price. On Apr 4, 2016, the shares registered one year high at $35.54 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $32.75 and the 200 Day Moving Average price is recorded at $32.40.

Progressive Corporation (The) (NYSE:PGR) has tumbled 0.41% during the past week and has dropped 4.72% in the last 4 week period. The company has outperformed the S&P 500 by 1.24% in the past week but underperformed the index by 1.84% in the last 4 weeks.

The Progressive Corporation is an insurance holding company. The Companys insurance subsidiaries and mutual insurance company affiliate provide personal auto insurance, commercial auto and truck insurance principally for small businesses, and other specialty property-casualty insurance and related services. The Companys property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. Its non-insurance subsidiaries and limited partnership investment affiliate support its insurance and investment operations.

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