Deere & Company June 15th Short Interest Update

The short interest in Deere & Company (NYSE:DE) has declined from 32,520,029 on May 31,2016 to 31,382,782 on June 15,2016. The change was measured at 1,137,247 shares or 3.5%. The leftover shorts were 10% of the floated shares. The days to cover are 10, given the average daily volume of 3,018,956 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Deere & Company (NYSE:DE): The stock opened at $81.58 on Friday but the bulls could not build on the opening and the stock topped out at $83.16 for the day. The stock traded down to $81.40 during the day, due to lack of any buying support eventually closed down at $81.72 with a loss of -3.05% for the day. The stock had closed at $84.29 on the previous day. The total traded volume was 4,897,602 shares.

The company shares have dropped -13.94% from its 1 Year high price. On Jun 30, 2015, the shares registered one year high at $98.23 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $83.43 and the 200 Day Moving Average price is recorded at $79.85.

Deere & Company (NYSE:DE) has tumbled 4.98% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.52% in the last four weeks. The stocks have underperformed the S&P 500 by 3.4% during the past week but Deere & Company (NYSE:DE) it has outperformed the index in 4 weeks by 4.59%.

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Companys agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts. The Companys construction and forestry segment primarily manufactures and distributes a range of machines and service parts used in construction, earthmoving, material handling and timber harvesting. The Companys financial services segment primarily provides credit services, which include finance sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment.

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