General Electric Company June 15th Short Interest Update

General Electric Company (NYSE:GE), A rise of 5,074,256 shares or 4.8% was seen in the short interest of General Electric. Even as the interest increased from 106,507,019 shares on May 31,2016 to 111,581,275 shares on June 15,2016, the days to cover came in at 4. The updated interest stood at 1.2% of the stocks floats. The stock has seen an average daily volume of 28,527,056 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

General Electric Company (NYSE:GE): The stock opened at $30.11 on Friday but the bulls could not build on the opening and the stock topped out at $30.55 for the day. The stock traded down to $29.75 during the day, due to lack of any buying support eventually closed down at $29.82 with a loss of -4.39% for the day. The stock had closed at $31.19 on the previous day. The total traded volume was 85,669,178 shares.

The company shares have rallied 11.94% from its 1 Year high price. On Mar 31, 2016, the shares registered one year high at $32.05 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $30.15 and the 200 Day Moving Average price is recorded at $30.04.

General Electric Company (NYSE:GE) has tumbled 2.55% during the past week and has dropped 1% in the last 4 week period. The stocks have underperformed the S&P 500 by 0.93% during the past week but General Electric Company (NYSE:GE) it has outperformed the index in 4 weeks by 2%.

General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products. The Company operates its segments through its eight businesses, -based on the markets they serve: Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances, and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing, Consumer, Real Estate, Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.

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