The short interest in LKQ Corporation (NASDAQ:LKQ) has increased from 6,449,813 on May 31,2016 to 7,519,196 on June 15,2016. The change was measured at 1,069,383 shares or 16.6%. The leftover shorts were 2.5% of the floated shares. The days to cover are 4, given the average daily volume of 1,762,340 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
LKQ Corporation (NASDAQ:LKQ): The stock opened at $32.07 on Friday but the bulls could not build on the opening and the stock topped out at $32.26 for the day. The stock traded down to $31.02 during the day, due to lack of any buying support eventually closed down at $31.04 with a loss of -7.65% for the day. The stock had closed at $33.61 on the previous day. The total traded volume was 5,765,107 shares.
The company shares have rallied 2.75% from its 1 Year high price. On Apr 27, 2016, the shares registered one year high at $34.26 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $32.56 and the 200 Day Moving Average price is recorded at $30.05.
LKQ Corporation (NASDAQ:LKQ) has tumbled 4.73% during the past week and has dropped 6.48% 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 3.15%. LKQ Corporation (NASDAQ:LKQ) has underperformed the index by 3.65% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
LKQ Corporation is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories. The company distributes a variety of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, recycled collision and mechanical products, refurbished collision products such as wheels, bumper covers and lights, and remanufactured engines. It is a provider of alternative vehicle collision replacement products and alternative vehicle mechanical replacement products, with its sales, processing, and distribution facilities reaching markets in the United States and Canada. It also provides alternative vehicle replacement and maintenance products in the United Kingdom and the Benelux region of continental Europe. The Company is organized into four segments: Wholesale – North America; Wholesale – Europe; Self Service, and Specialty.