General Motors Company June 15th Short Interest Update

General Motors Company (NYSE:GM), A increase of 1,548,481 shares or 5% was observed in the short interest of General Motors Company The interest on June 15,2016 came in at 32,345,398 shares and as per the average daily trading of 13,759,472 shares, the days to cover are 2. The increased interest is 2.3% of the floated shares. The data of May 31,2016 put the interest at 30,796,917 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

General Motors Company (NYSE:GM): The stock opened at $28.58 on Friday but the bulls could not build on the opening and the stock topped out at $29.04 for the day. The stock traded down to $28.25 during the day, due to lack of any buying support eventually closed down at $28.35 with a loss of -4.93% for the day. The stock had closed at $29.82 on the previous day. The total traded volume was 30,181,107 shares.

The company shares have dropped -14.69% from its 1 Year high price. On Nov 30, 2015, the shares registered one year high at $36.88 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $30.17 and the 200 Day Moving Average price is recorded at $30.82.

General Motors Company (NYSE:GM) has tumbled 3.01% during the past week and has dropped 9.68% 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 1.4%. General Motors Company (NYSE:GM) has underperformed the index by 6.95% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

General Motors Company (General Motors) designs, builds and sells cars, trucks and automobile parts across the world. The Company also provides automotive financing services through General Motors Financial Company, Inc. (GM Financial). The Companys four automotive segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO) and GM South America (GMSA). The Company also sells cars and trucks to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies and governments. The Company offers 13 FlexFuel vehicles in the United States for the 2015 model year plus an additional four models to fleet and commercial customers capable of operating on gasoline, E85 ethanol or any combination of the two.

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