Cummins June 15th Short Interest Update

Cummins (NYSE:CMI) encountered a rise of 0.3% or 29,667 shares in the short positions. The number escalated from 9,448,657 on May 31,2016 to 9,478,324 on June 15,2016. The final interest is 5.7% of the floated stock. The days to cover figure of 6 can be arrived using the average daily exchange of 1,475,761 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Cummins (NYSE:CMI): The stock opened at $114.25 on Friday but the bulls could not build on the opening and the stock topped out at $115.06 for the day. The stock traded down to $110.45 during the day, due to lack of any buying support eventually closed down at $110.50 with a loss of -7.11% for the day. The stock had closed at $118.96 on the previous day. The total traded volume was 5,459,722 shares.

The company shares have dropped -15.74% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $132.96 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $113.85 and the 200 Day Moving Average price is recorded at $102.98.

Cummins (NYSE:CMI) has tumbled 3.22% during the past week and has dropped 2.42% in the last 4 week period. The stocks have underperformed the S&P 500 by 1.62% during the past week but Cummins (NYSE:CMI) it has outperformed the index in 4 weeks by 0.53%.

Cummins Inc. is a global diesel engine manufacturer. The Company designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products, including filtration, after treatment, turbochargers, fuel systems, controls systems, air handling systems and electric power generation systems. It has four operating segments: Engine, Distribution, Components and Power Generation. The Company sells its products to original equipment manufacturers (OEMs), distributors and other customers. It serves its customers through a network of around 600 Company-owned and independent distributor locations and around 7,200 dealer locations in more than 190 countries. In addition, engines and engine components are manufactured by the Companys joint ventures or independent licensees at its manufacturing plants in the United States, China, India, South Korea, Mexico and Sweden. Its subsidiaries include Cummins India Ltd. and Wuxi Cummins Turbo Technologies Co. Ltd.

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