The short interest in XPO Logistics (NYSE:XPO) has increased from 18,655,716 on May 31,2016 to 18,809,865 on June 15,2016. The change was measured at 154,149 shares or 0.8%. The leftover shorts were 17.4% of the floated shares. The days to cover are 18, given the average daily volume of 1,046,557 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
XPO Logistics (NYSE:XPO): The stock opened at $26.29 on Friday but the bulls could not build on the opening and the stock topped out at $27.14 for the day. The stock traded down to $23.35 during the day, due to lack of any buying support eventually closed down at $24.62 with a loss of -13.37% for the day. The stock had closed at $28.42 on the previous day. The total traded volume was 8,780,406 shares.
The company shares have dropped -44.03% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $47.30 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $27.66 and the 200 Day Moving Average price is recorded at $27.09.
XPO Logistics (NYSE:XPO) has tumbled 8.75% during the past week and has dropped 16.14% 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 7.23%. XPO Logistics (NYSE:XPO) has underperformed the index by 13.61% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
XPO Logistics, Inc. is a provider of transportation logistics services and a provider of engineered, technology-enabled contract logistics. The Company operates in two segments: Transportation segment and Logistics segment. The Transportation segment consists of its truck brokerage, intermodal, last mile, expedited transportation and freight forwarding businesses. The Logistics segment provides contract logistics services, including warehousing and distribution, reverse logistics, transportation management, freight bill audit and payment, aftermarket support and supply chain optimization for its clients. Its services include truckload transportation, last mile logistics, engineered supply chain solutions, warehousing and distribution, ground and air expedite, intermodal, global forwarding and managed transportation. It also offers truckload transportation in North America.