Short Interest Update on IDEXX Laboratories (IDXX)

IDEXX Laboratories (IDXX) : The short interest in IDEXX Laboratories (IDXX) has increased from 3,833,992 to 3,913,003 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 826,586 shares are traded daily in the stock and only 5 days are left for the shorts to cover. The short open interest is 4.4% of the total shares in the hands of the public. The shorts in the stock have gone up by 79,011 shares, which is an increase of 2.1% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

IDEXX Laboratories (NASDAQ:IDXX): The stock opened at $110.34 on Wednesday but the bulls could not build on the opening and the stock topped out at $110.79 for the day. The stock traded down to $109.50 during the day, due to lack of any buying support eventually closed down at $109.76 with a loss of -0.83% for the day. The stock had closed at $110.68 on the previous day. The total traded volume was 323,351 shares.


In a related news, Johnson Barry C, director of Idexx Laboratories Inc /De, unloaded 9,924 shares at an average price of $111.37 on August 15, 2016. The total amount of the transaction was worth $1,105,236, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

IDEXX Laboratories, Inc. develops, manufactures and distributes products and provides services primarily for the companion animal veterinary, livestock and poultry, water testing and dairy markets. The Company sells a line of portable electrolytes and blood gas analyzers for the human point-of-care medical diagnostics market. Its segments include Companion Animal Group (CAG), Water, Livestock, Poultry and Dairy, and Other. Its Products and services include point-of-care veterinary diagnostic products; veterinary reference laboratory diagnostic and consulting services; practice management systems and services, and digital imaging systems; biological materials testing, laboratory animal diagnostic instruments and services; diagnostic, health-monitoring and food safety testing products for livestock, poultry and dairy; products that test water for microbiological contaminants, and point-of-care electrolytes and blood gas analyzers for the human point-of-care medical diagnostics market.

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