Triumph Group (NYSE:TGI) reported a rise of 2.6% or 112,592 shares in its short interest. The short figure came in at 9.3% of the total floats. The average daily volume of 437,520 shares suggests that the days to cover 4,470,754 short positions, as on June 15,2016, will be 10. On May 31,2016, the short interest was 4,358,162 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Triumph Group (NYSE:TGI): The stock opened at $37.75 on Friday but the bulls could not build on the opening and the stock topped out at $37.80 for the day. The stock traded down to $36.04 during the day, due to lack of any buying support eventually closed down at $36.11 with a loss of -8.58% for the day. The stock had closed at $39.50 on the previous day. The total traded volume was 4,533,193 shares.
The company shares have dropped -45.11% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $67.16 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $37.64 and the 200 Day Moving Average price is recorded at $33.64.
Triumph Group (NYSE:TGI) has tumbled 5.64% during the past week and has dropped 3.91% 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 4.08%. Triumph Group (NYSE:TGI) has underperformed the index by 1% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Triumph Group, Inc. (Triumph) designs, engineers, manufactures, repairs, overhauls and distributes a portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. It serves the aviation industry, including original equipment manufacturers (OEMs), of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers. The Company operates in three segments: Triumph Aerostructures Group, engaged in the design, manufacture and building of metallic and composite aerostructures and structural components; Triumph Aerospace Systems Group, engaged in the design and engineering of mechanical, electromechanical, hydraulic and hydromechanical control systems, and Triumph Aftermarket Services Group, which performs maintenance, repair and overhaul services (MRO) and supplies spare parts for the commercial and military aviation industry and services airline and air cargo carrier customers.