Caterpillar June 15th Short Interest Update

Caterpillar (NYSE:CAT), A rise of 642,942 shares or 1.5% was seen in the short interest of Caterpillar. Even as the interest increased from 42,679,095 shares on May 31,2016 to 43,322,037 shares on June 15,2016, the days to cover came in at 10. The updated interest stood at 7.4% of the stocks floats. The stock has seen an average daily volume of 4,503,993 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Caterpillar (NYSE:CAT): The stock opened at $75.20 on Friday but the bulls could not build on the opening and the stock topped out at $75.61 for the day. The stock traded down to $72.99 during the day, due to lack of any buying support eventually closed down at $73.03 with a loss of -6.64% for the day. The stock had closed at $78.22 on the previous day. The total traded volume was 12,179,523 shares.

The company shares have dropped -14.38% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $86.74 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $73.58 and the 200 Day Moving Average price is recorded at $70.54.

Caterpillar (NYSE:CAT) has tumbled 3.82% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.49% in the last four weeks. The stocks have underperformed the S&P 500 by 2.22% during the past week but Caterpillar (NYSE:CAT) it has outperformed the index in 4 weeks by 4.56%.

Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company principally operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. The Company also provides financing and related services through its Financial Products segment. It offers its products under the brand names Caterpillar, CAT, design versions of CAT and Caterpillar, Electro-Motive, FG Wilson, MaK, MWM, Perkins, Progress Rail, SEM and Solar Turbines. It operates parts distribution centers at various locations, including Morton, Illinois; Arvin, California; Denver, Colorado; Miami, Florida; Atlanta, Georgia; St. Paul, Minnesota, and Dubai, United Arab Emirates, among others. Its subsidiaries include Caterpillar Life Insurance Company, Cat Financial and Caterpillar Product Services Corporation (CPSC), among others.

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