Harley-Davidson (HOG) : Traders are negative on Harley-Davidson (HOG), as it has 14.6% of short positions outstanding compared to its float. The total shorts have reduced by -2,277,824 shares, which is a -8% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,28,579,311 to 26,301,487 shares. While the daily trading volume of the stock is 1,672,974, there are 16 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Harley-Davidson (NYSE:HOG): The stock opened at $54.05 on Wednesday but the bulls could not build on the opening and the stock topped out at $54.43 for the day. The stock traded down to $53.18 during the day, due to lack of any buying support eventually closed down at $53.38 with a loss of -1.22% for the day. The stock had closed at $54.04 on the previous day. The total traded volume was 945,446 shares.
In a related news,The officer (President-HDFS) of Harley Davidson Inc, Hund Lawrence G sold 12,537 shares at $53.23 on August 5, 2016. The Insider selling transaction had a total value worth of $667,345. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Harley-Davidson, Inc. is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) segment and the Financial Services segment. The Motorcycles segment consists of HDMC, which designs, manufactures and sells street-legal Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services. The Companys products are sold to retail customers through a network of independent dealers. The Financial Services segment consists of HDFS, which provides wholesale and retail financing, and insurance and insurance-related programs to Harley-Davidson dealers and their retail customers. The Company conducts its business around the world, including in North America, Europe, the Middle East and Africa (EMEA); Asia-Pacific, and Latin America.