Terex Corporation June 15th Short Interest Update

Terex Corporation (NYSE:TEX), A rise of 648,566 shares or 37% was seen in the short interest of Terex. Even as the interest increased from 1,753,635 shares on May 31,2016 to 2,402,201 shares on June 15,2016, the days to cover came in at 1. The updated interest stood at 2.3% of the stocks floats. The stock has seen an average daily volume of 1,824,269 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Terex Corporation (NYSE:TEX): The stock opened at $21.69 on Friday but the bulls could not build on the opening and the stock topped out at $21.69 for the day. The stock traded down to $20.46 during the day, due to lack of any buying support eventually closed down at $20.84 with a loss of -7.34% for the day. The stock had closed at $22.49 on the previous day. The total traded volume was 7,096,100 shares.

The company shares have dropped -10.13% from its 1 Year high price. On Aug 12, 2015, the shares registered one year high at $27.11 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $22.56 and the 200 Day Moving Average price is recorded at $21.64.

Terex Corporation (NYSE:TEX) has tumbled 2.07% during the past week and has dropped 0.24% in the last 4 week period. The stocks have underperformed the S&P 500 by 0.44% during the past week but Terex Corporation (NYSE:TEX) it has outperformed the index in 4 weeks by 2.78%.

Terex Corporation is a lifting and material handling solutions company. The Company is focused providing its operations and delivering solutions for a range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, transportation, energy and utility industries. The Company operates in business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions, and Materials Processing. Its products are manufactured in North and South America, Europe, Australia and Asia and sold across the world. It offers a range of products, including portable material lifts, telehandlers, wheel loaders, midi excavators, site dumpers, tower cranes, utility equipment, industrial cranes, reach stackers, washing systems, chippers and sprinter carriers, among others. Its brands include Terex, Genie, Demag and Powerscreen.

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