Short Interest Update on Old Dominion Freight Line (ODFL)

Old Dominion Freight Line (ODFL) : 7 days before expiry, shorts in Old Dominion Freight Line (ODFL) have reduced from 3,393,244 on Jul 29, 2016, to 3,249,835 on August 15, 2016. On an average, 487,392 shares are traded on the exchange. The outstanding bearish positions are equal to 5% of the float. Short sellers have covered -143,409 shares, a reduction of -4.2%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Old Dominion Freight Line (NASDAQ:ODFL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.64 and $69.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $71.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.24, notching a gain of 0.63% for the day. The total traded volume was 437,861 . The stock had closed at $69.80 on the previous day.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Vice Chairman and CEO) of Old Dominion Freight Line Inc/Va, Congdon David S had sold 1,660 shares worth of $115,818 in a transaction dated August 16, 2016. In this transaction, 1,660 shares were sold at $69.77 per share.

Old Dominion Freight Line, Inc. (Old Dominion) is a less-than-truckload (LTL) motor carrier providing regional, inter-regional and national LTL service and logistics services. In addition to its LTL services, it offers a range of services including international freight forwarding, ground and air expedited transportation, container delivery, truckload brokerage, supply chain consulting, warehousing and consumer household pickup and delivery. Its infrastructure allows it to provide next-day and second-day service within each of its six regions covering the continental United States, as well as inter-regional and national service between these regions. As of December 31, 2014, it operated through 222 service center locations, of which it owned 176 and leased 46. As of December 31, 2014, it owned 6,907 tractors. As of December 31, 2014, it owned 27,259 trailers.

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