Swift Transportation Company June 15th Short Interest Update

Swift Transportation Company (NYSE:SWFT) stated loss of 160,154 shares or 0.6% in the short interest. The short interest registered from 25,063,756 on May 31,2016 to 24,903,602 on June 15,2016. In terms of floated shares, the shorted positions stood at 31.2%. The stock has been averaging 2,609,849 shares daily in trading and would need 10 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Swift Transportation Company (NYSE:SWFT): The stock opened at $15.03 on Friday but the bulls could not build on the opening and the stock topped out at $15.50 for the day. The stock traded down to $14.90 during the day, due to lack of any buying support eventually closed down at $15.15 with a loss of -4.54% for the day. The stock had closed at $15.87 on the previous day. The total traded volume was 4,693,261 shares.

The company shares have dropped -32.58% from its 1 Year high price. On Aug 4, 2015, the shares registered one year high at $24.76 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $15.85 and the 200 Day Moving Average price is recorded at $16.06.

Swift Transportation Company (NYSE:SWFT) has tumbled 9.98% during the past week and has dropped 3.07% 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 8.49%. Swift Transportation Company (NYSE:SWFT) has underperformed the index by 0.14% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Swift Transportation Company (Swift Transportation Co.) is a multi-faceted transportation services company, operating the fleet of truckload equipment in North America from over 40 terminals near key freight centers and traffic lanes. The Company operates in four segments: Truckload, which consists of one way movements over irregular routes throughout the United States Mexico and Canada; Dedicated, through which, the Company devotes use of equipment to specific customers and offers tailored solutions under long-term contracts; Central Refrigerated, which represents the core operations of Central and primarily consists of shipments for customers that require temperature-controlled trailers, and Intermodal segment, which includes revenue generated by moving freight over the rail in the Companys containers and other trailing equipment, combined with revenue for drayage to transport loads between the railheads and customer locations.

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