Short Interest Update on Raytheon Company (RTN)

Raytheon Company (RTN) : Traders are getting increasingly bearish on Raytheon Company (RTN), as can be seen in the addition of short positions from 2,756,510 on Jul 29, 2016, to 2,989,608 on August 15, 2016. The net change in shorts is 233,098 shares, an increase of 8.5%. 2 days remain before the expiry. The 1% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 1,655,496. The short interest information was released on Wednesday Aug 24th after the market close.

Raytheon Company (NYSE:RTN): The stock opened at $140.82 on Wednesday but the bulls could not build on the opening and the stock topped out at $141.39 for the day. The stock traded down to $139.92 during the day, due to lack of any buying support eventually closed down at $141.07 with a loss of -0.08% for the day. The stock had closed at $141.18 on the previous day. The total traded volume was 987,092 shares.


In a related news, Clark Vernon E, director of Raytheon Co/, unloaded 2,540 shares at an average price of $141.01 on August 2, 2016. The total amount of the transaction was worth $358,165, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Raytheon Company, together with its subsidiaries, is a technology Company that specializes in defense and other Government markets. The Company develops products, services and solutions in markets: sensing; effects; command, control, communications and intelligence (C3I); and mission support, as well as cyber and information security. The Company operates in four segments: Integrated Defense Systems (IDS); Intelligence, Information and Services; Missile Systems, and Space and Airborne Systems. The Company serves both domestic and international customers, as both a prime contractor and subcontractor on a portfolio of defense and related programs primarily for Government customers. The Companys products include Global Integrated Sensors, Integrated Air & Missile Defense, Cybersecurity and Special Missions, Global Training Solutions, Land Warfare Systems, Advanced Missile Systems, Tactical Airborne Systems, Advanced Missile Systems and Electronic Warfare Systems.

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