Ingersoll-Rand plc (Ireland) June 15th Short Interest Update

Ingersoll-Rand plc (Ireland) (NYSE:IR) reported a drop of 11.3% or 226,209 shares in its short interest. The short figure came in at 0.7% of the total floats. The average daily volume of 1,653,074 shares suggests that the days to cover 1,778,531 short positions, as on June 15,2016, will be 1. On May 31,2016, the short interest was 2,004,740 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Ingersoll-Rand plc (Ireland) (NYSE:IR): The stock opened at $63.35 on Friday but the bulls could not build on the opening and the stock topped out at $64.32 for the day. The stock traded down to $62.79 during the day, due to lack of any buying support eventually closed down at $62.87 with a loss of -5.16% for the day. The stock had closed at $66.29 on the previous day. The total traded volume was 4,607,963 shares.

The company shares have dropped -6.97% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $69.28 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $65.42 and the 200 Day Moving Average price is recorded at $58.92.

Ingersoll-Rand plc (Ireland) (NYSE:IR) has tumbled 3.48% during the past week and has dropped 5.43% 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 1.88%. Ingersoll-Rand plc (Ireland) (NYSE:IR) has underperformed the index by 2.57% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Ingersoll-Rand Public Limited Company (IR-Ireland) is a diversified, global company that provides products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables. The Company is also engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products. The Company focuses on parts, service, used equipment and rentals. Its business segments consist of Climate and Industrial. The Climate segment includes Trane and American Standard Heating and Air Conditioning, which provides heating, ventilation and air conditioning (HVAC) systems; commercial and residential building services, parts, support and controls, and Thermo King transport temperature control solutions. The Industrial segment includes Ingersoll Rand compressed air systems and services, power tools, material handling systems, ARO fluid management equipment, Club Car golf, utility and rough terrain vehicles.

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