United Technologies Corporation (NYSE:UTX) has witnessed a drop of 11.7% or 1,676,113 shares in its short figure. The short interest diminution took it from 14,328,148 on May 31,2016 to 12,652,035 on June 15,2016. In terms of floated shares, the short interest was calculated to be 1.5%. The days to cover are 4 given that the daily volume averaged 3,299,428 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
United Technologies Corporation (NYSE:UTX): The stock opened at $99.42 on Friday but the bulls could not build on the opening and the stock topped out at $100.41 for the day. The stock traded down to $98.76 during the day, due to lack of any buying support eventually closed down at $98.89 with a loss of -3.36% for the day. The stock had closed at $102.33 on the previous day. The total traded volume was 7,446,387 shares.
The company shares have dropped -11.33% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $113.03 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $100.81 and the 200 Day Moving Average price is recorded at $96.68.
United Technologies Corporation (NYSE:UTX) has tumbled 2.28% during the past week and has dropped 1.86% in the last 4 week period. The stocks have underperformed the S&P 500 by 0.66% during the past week but United Technologies Corporation (NYSE:UTX) it has outperformed the index in 4 weeks by 1.11%.
United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries across the world. The Company operates through five segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney; UTC Aerospace Systems and Sikorsky. Otis designs, manufactures, sells and installs a range of passenger and freight elevators for low-, medium- and high-speed applications, as well as a line of escalators and moving walkways. UTC Climate, Controls & Security is a provider of heating, ventilating, air conditioning (HVAC) and refrigeration solutions. Pratt & Whitney segment supplies aircraft engines for the commercial, military, business jet and general aviation markets. UTC Aerospace Systems is a global provider of technologically advanced aerospace products and aftermarket service solutions. Its Sikorsky segment manufactures military and commercial helicopters and also provides aftermarket helicopter and aircraft parts and services.