3M Company June 15th Short Interest Update

3M Company (NYSE:MMM), A increase of 654,698 shares or 9.9% was observed in the short interest of 3M Company The interest on June 15,2016 came in at 7,247,074 shares and as per the average daily trading of 1,794,441 shares, the days to cover are 4. The increased interest is 1.2% of the floated shares. The data of May 31,2016 put the interest at 6,592,376 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

3M Company (NYSE:MMM): The stock opened at $168.87 on Friday but the bulls could not build on the opening and the stock topped out at $171.54 for the day. The stock traded down to $168.40 during the day, due to lack of any buying support eventually closed down at $169.12 with a loss of -2.87% for the day. The stock had closed at $174.11 on the previous day. The total traded volume was 4,567,516 shares.

The company shares have rallied 9.85% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $174.15 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $169.02 and the 200 Day Moving Average price is recorded at $159.88.

3M Company (NYSE:MMM) has climbed 0.11% in the past week and advanced 0.14% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.77% and the outperformance has advanced to 3.17% for the last 4 weeks period.

3M Company is a diversified technology company. The Company operates in five business segments: Industrial, which serves a range of markets, such as automotive original equipment manufacturer (OEM) and automotive aftermarket, electronics, appliance, paper and printing, packaging, food and beverage, and construction; Safety and Graphics, which serves a range of markets for the safety, security and productivity of people, facilities and systems; Electronics and Energy, which serves customers in electronics and energy markets, including solutions for electronic devices, telecommunications networks, electrical products, power generation and distribution, and infrastructure protection; Health Care, which serves markets that include medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, and health information systems, and Consumer, which serves markets that include consumer retail, office retail, home improvement, building maintenance and other markets.

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