Emerson Electric Company June 15th Short Interest Update

Emerson Electric Company (NYSE:EMR) encountered a rise of 3.3% or 554,457 shares in the short positions. The number escalated from 16,618,468 on May 31,2016 to 17,172,925 on June 15,2016. The final interest is 2.7% of the floated stock. The days to cover figure of 6 can be arrived using the average daily exchange of 3,024,493 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Emerson Electric Company (NYSE:EMR): The stock opened at $51.94 on Friday but the bulls could not build on the opening and the stock topped out at $52.13 for the day. The stock traded down to $50.58 during the day, due to lack of any buying support eventually closed down at $50.83 with a loss of -5.29% for the day. The stock had closed at $53.67 on the previous day. The total traded volume was 9,501,081 shares.

The company shares have dropped -8.51% from its 1 Year high price. On Jun 30, 2015, the shares registered one year high at $57.27 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $52.33 and the 200 Day Moving Average price is recorded at $50.25.

Emerson Electric Company (NYSE:EMR) has tumbled 3.07% during the past week and has dropped 2.62% in the last 4 week period. The stocks have underperformed the S&P 500 by 1.46% during the past week but Emerson Electric Company (NYSE:EMR) it has outperformed the index in 4 weeks by 0.32%.

Emerson Electric Co. is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. The Process Management segment provides measurement, control and diagnostic capabilities for automated industrial processes. The Industrial Automation segment provides integrated manufacturing solutions to its customers at the source of manufacturing their own products. The Network Power segment designs, manufactures, installs and maintains products providing grid-to-chip electric power conditioning. The Climate Technologies segment provides products and services for the climate control industry. The Companys Commercial & Residential Solutions segment offers a range of tools, storage products and appliance solutions.

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