Eaton Corporation PLC June 15th Short Interest Update

Eaton Corporation PLC (NYSE:ETN) has shown a rise of 9% or 535,815 shares in the short positions. The bets have increased to 6,498,144 shares on June 15,2016 from 5,962,329 shares on May 31,2016. With respect to the floated shares, the shorts are 1.4%. The days to cover are calculated to be 3, using the standard per day volume of 1,892,996 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Eaton Corporation PLC (NYSE:ETN): The stock opened at $60.05 on Friday but the bulls could not build on the opening and the stock topped out at $60.73 for the day. The stock traded down to $57.92 during the day, due to lack of any buying support eventually closed down at $58.03 with a loss of -7.62% for the day. The stock had closed at $62.82 on the previous day. The total traded volume was 5,749,409 shares.

The company shares have dropped -13.30% from its 1 Year high price. On Jul 2, 2015, the shares registered one year high at $68.23 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $61.34 and the 200 Day Moving Average price is recorded at $57.62.

Eaton Corporation PLC (NYSE:ETN) has tumbled 5.83% during the past week and has dropped 5.84% 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 4.26%. Eaton Corporation PLC (NYSE:ETN) has underperformed the index by 2.99% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

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