Archer-Daniels-Midland Company June 15th Short Interest Update

Archer-Daniels-Midland Company (NYSE:ADM) has shown a drop of 8.8% or 1,067,165 shares in the short positions. The bets have increased to 11,045,015 shares on June 15,2016 from 12,112,180 shares on May 31,2016. With respect to the floated shares, the shorts are 1.9%. The days to cover are calculated to be 3, using the standard per day volume of 3,815,120 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Archer-Daniels-Midland Company (NYSE:ADM): The stock opened at $41.20 on Friday but the bulls could not build on the opening and the stock topped out at $41.64 for the day. The stock traded down to $40.40 during the day, due to lack of any buying support eventually closed down at $40.50 with a loss of -5.17% for the day. The stock had closed at $42.71 on the previous day. The total traded volume was 5,485,955 shares.

The company shares have dropped -16.41% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $49.67 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $41.17 and the 200 Day Moving Average price is recorded at $37.07.

Archer-Daniels-Midland Company (NYSE:ADM) has tumbled 4.28% during the past week and has dropped 6.32% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.69%. Archer-Daniels-Midland Company (NYSE:ADM) has underperformed the index by 3.48% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa, and other agricultural commodities and manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients. The Companys segments include Oilseeds Processing, Corn Processing, Agricultural Services and Wild Flavors and Specialty Ingredients. The Corn Processing segment is engaged in corn wet milling and dry milling activities. The Agricultural Services segment utilizes its United States grain elevator , global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry. Wild Flavors products include flavors, colors, sweeteners and health ingredients, as well as ready-to-market concepts and complete solutions.

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