Allison Transmission Holdings June 15th Short Interest Update

Allison Transmission Holdings (NYSE:ALSN) has witnessed a rise of 25.5% or 424,263 shares in its short figure. The short interest augmentation took it from 1,662,840 on May 31,2016 to 2,087,103 on June 15,2016. In terms of floated shares, the short interest was calculated to be 1.2%. The days to cover are 1 given that the daily volume averaged 1,486,833 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Allison Transmission Holdings (NYSE:ALSN): The stock opened at $27.47 on Friday but the bulls could not build on the opening and the stock topped out at $28.00 for the day. The stock traded down to $27.24 during the day, due to lack of any buying support eventually closed down at $27.62 with a loss of -3.29% for the day. The stock had closed at $28.56 on the previous day. The total traded volume was 6,817,189 shares.

The company shares have dropped -5.44% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $30.06 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $27.96 and the 200 Day Moving Average price is recorded at $25.97.

Allison Transmission Holdings (NYSE:ALSN) has tumbled 0.5% during the past week and has dropped 0.32% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 1.15% and the outperformance has advanced to 2.69% for the last 4 weeks period.

Allison Transmission Holdings, Inc. designs and manufactures commercial and defense transmissions. The Company offers fully-automatic transmissions for medium-and heavy-duty commercial vehicles and medium-and heavy-tactical United States defense vehicles. The Companys transmissions are used in a variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked). The Companys transmissions are sold under the Allison Transmission brand name and remanufactured transmissions are sold under the ReTran brand name. The Company has over 100 different models that are used in over 2,500 different vehicle configurations and are compatible with more than 500 combinations of engine brands, models and ratings, including diesel, gasoline, natural gas and other alternative fuels.

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