Bruker Corporation (BRKR) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 4,429,789 to 3,678,038 shares, with 3 days to go before the expiry. The short open interest has decreased by -17%, amounting to a reduction of -751,751 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 3.5% of the float of the company. The average daily volume of the stock is 1,383,875 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Bruker Corporation (NASDAQ:BRKR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.07 and $22.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.25, notching a gain of 0.59% for the day. The total traded volume was 1,680,506 . The stock had closed at $22.12 on the previous day.
In a related news, Packer Richard A, director of Bruker Corp, had purchased 10,000 shares on August 10, 2016. The total value of the transaction was $219,700. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Bruker Corporation is a designer and manufacturer of life science and materials research systems and associated products that address the needs of a range of customers in life science research, pharmaceuticals, applied markets, nanotechnology, cell biology, clinical research, microbiology and in-vitro diagnostics. The Company operates through two segments: Bruker Scientific Instruments (BSI) and Bruker Energy & Supercon Technologies (BEST). BSI is organized into three operating segments: the Bruker BioSpin Group, the Bruker CALID Group and the Bruker Nano Group. BEST designs, manufactures and distributes superconducting materials. The company maintains technical and manufacturing centers in Europe and North America, and it has sales offices located throughout the world.