Short Interest Update on ABB Ltd (ABB)

ABB Ltd (ABB) : The short interest in ABB Ltd (ABB) has changed with an increase of 420,087 shares and the open interest is 10%. From 4,196,545 short positions on Jul 29, 2016, the shorts increased to 4,616,632 shares by August 15, 2016. There are 4 more days left for the expiry and the daily trading volume of the stock is 1,177,164 shares. The total interest of shorts is 0.2% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.

ABB Ltd (NYSE:ABB): The stock opened at $22.05 on Wednesday but the bulls could not build on the opening and the stock topped out at $22.08 for the day. The stock traded down to $21.96 during the day, due to lack of any buying support eventually closed down at $21.99 with a loss of -0.36% for the day. The stock had closed at $22.07 on the previous day. The total traded volume was 585,655 shares.


ABB Ltd (ABB) is engaged in power and automation technologies. The Company manages its business -based on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial, commercial and residential applications. The Process Automation division provides engineered solutions, products and services for process control, safety, instrumentation, plant electrification and energy management. The Power Products division offers a portfolio of products and services to facilitate power generation, transmission and distribution. The Power Systems division offers solutions for power and water plants, grid integration and automation, as well as a range of systems and services for the generation, transmission and distribution of electricity. The Company operates in approximately 100 countries.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *