Short Interest Update on Honeywell International (HON)

Honeywell International (HON) : The short interest in Honeywell International (HON) has increased from 3,939,602 to 4,127,220 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,890,972 shares are traded daily in the stock and only 2 days are left for the shorts to cover. The short open interest is 0.5% of the total shares in the hands of the public. The shorts in the stock have gone up by 187,618 shares, which is an increase of 4.8% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

Honeywell International (NYSE:HON): The stock opened at $116.80 on Wednesday but the bulls could not build on the opening and the stock topped out at $117.08 for the day. The stock traded down to $116.54 during the day, due to lack of any buying support eventually closed down at $116.76 with a loss of -0.21% for the day. The stock had closed at $117.01 on the previous day. The total traded volume was 1,724,771 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP and General Counsel) of Honeywell International Inc, Adams Katherine L. had sold 108,712 shares worth of $12,624,725 in a transaction dated August 15, 2016. In this transaction, 108,712 shares were sold at $116.13 per share.

Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company. The Company is engaged in serving customers across the world with aerospace products and services, turbochargers, control, sensing and security technologies for buildings, homes and industry, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. The Company operates in segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment is a supplier of aircraft engines, integrated avionics, systems and service solutions, and related products and services. ACS segment provides environmental and combustion controls, sensing controls, security and life safety products and services. Its PMT segment develops and manufactures advanced materials, process technologies and automation solutions.

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