Delta Air Lines June 15th Short Interest Update

Delta Air Lines (NYSE:DAL) has witnessed a drop of 15.5% or 3,881,219 shares in its short figure. The short interest diminution took it from 25,093,539 on May 31,2016 to 21,212,320 on June 15,2016. In terms of floated shares, the short interest was calculated to be 2.8%. The days to cover are 2 given that the daily volume averaged 10,947,117 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Delta Air Lines (NYSE:DAL): The stock opened at $36.09 on Friday but the bulls could not build on the opening and the stock topped out at $37.08 for the day. The stock traded down to $35.17 during the day, due to lack of any buying support eventually closed down at $35.18 with a loss of -8.17% for the day. The stock had closed at $38.31 on the previous day. The total traded volume was 26,090,715 shares.

The company shares have dropped -14.45% from its 1 Year high price. On Dec 17, 2015, the shares registered one year high at $52.77 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $41.40 and the 200 Day Moving Average price is recorded at $45.64.

Delta Air Lines (NYSE:DAL) has tumbled 7.45% during the past week and has dropped 18.41% 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 5.91%. Delta Air Lines (NYSE:DAL) has underperformed the index by 15.95% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Delta Air Lines, Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Companys route network is centered on a system of hub and international gateway airports that it operates in Amsterdam, Atlanta, Detroit, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita. The Companys segments include its Airline segment and Refinery segment. The Companys Airline segment provides scheduled air transportation for passengers and cargo and other ancillary airline services, including maintenance and repair services for third-parties. Its Refinery segment provides jet fuel to the airline segment from its own production and through jet fuel obtained through agreements with third-parties.

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