Short Interest Update on Garmin Ltd. (GRMN)

Garmin Ltd. (GRMN) : The short interest in Garmin Ltd. (GRMN) has changed with an increase of 769,316 shares and the open interest is 7.9%. From 9,773,796 short positions on Jul 29, 2016, the shorts increased to 10,543,112 shares by August 15, 2016. There are 8 more days left for the expiry and the daily trading volume of the stock is 1,398,955 shares. The total interest of shorts is 9.1% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.

Garmin Ltd. (NASDAQ:GRMN): The stock opened at $51.67 on Wednesday but the bulls could not build on the opening and the stock topped out at $52.36 for the day. The stock traded down to $50.31 during the day, due to lack of any buying support eventually closed down at $50.59 with a loss of -5.74% for the day. The stock had closed at $53.67 on the previous day. The total traded volume was 3,427,141 shares.


In a related news, Biddlecombe Sean, officer (Managing Director, EMEA) of Garmin Ltd, unloaded 425 shares at an average price of $54.52 on August 17, 2016. The total amount of the transaction was worth $23,171, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Garmin Ltd. (Garmin) is a provider of navigation, communications and information devices, which are enabled by Global Positioning System (GPS) technology. The Company operates through five business segments: marine, outdoor, fitness, automotive/mobile, and aviation markets. It designs, develops, manufactures, markets and distributes a family of hand-held, wearable, portable and fixed-mount GPS-enabled products and other navigation, communications, sensor-based and information products. It offers a range of automotive navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers a range of products designed for use in outdoor activities. It offers a range of products designed for use in fitness and activity tracking. Garmin offers a range of products designed for use in the recreational marine industry. Garmins aviation product line includes GPS-enabled navigation, and electronic flight instrumentation systems (EFIS), among others.

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