BorgWarner (NYSE:BWA), A rise of 137,590 shares or 1.1% was seen in the short interest of BorgWarner Inc.. Even as the interest increased from 11,971,476 shares on May 31,2016 to 12,109,066 shares on June 15,2016, the days to cover came in at 7. The updated interest stood at 5.6% of the stocks floats. The stock has seen an average daily volume of 1,799,640 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
BorgWarner (NYSE:BWA): The stock opened at $32.11 on Friday but the bulls could not build on the opening and the stock topped out at $32.22 for the day. The stock traded down to $30.10 during the day, due to lack of any buying support eventually closed down at $30.50 with a loss of -9.50% for the day. The stock had closed at $33.70 on the previous day. The total traded volume was 8,178,434 shares.
The company shares have dropped -46.92% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $58.87 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $33.47 and the 200 Day Moving Average price is recorded at $35.17.
BorgWarner (NYSE:BWA) has tumbled 8.9% during the past week and has dropped 9.23% 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 7.39%. BorgWarner (NYSE:BWA) has underperformed the index by 6.48% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
BorgWarner Inc. is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment develops and manufactures products in gasoline and diesel engines and alternative powertrains. The Drivetrain segment develops and manufactures products for automatic transmissions and all-wheel drive (AWD) vehicles. The Company manufactures and sells the product across the world, to equipment manufacturers (OEMs) of light vehicles. The Company sells the products to other OEMs of commercial vehicles and off-highway vehicles (agricultural and construction machinery and marine applications). It also manufactures and sells its products to Tier One vehicle systems suppliers and into the aftermarket for light, commercial and off-highway vehicles. The Company operates manufacturing facilities serving customers in the Americas, Europe and Asia and is an equipment supplier to automotive OEM.