Manitowoc Company (The) June 15th Short Interest Update

Manitowoc Company (The) (NYSE:MTW), A drop of 1,774,047 shares or 13.4% was seen in the short interest of Manitowoc. Even as the interest dropped from 13,208,420 shares on May 31,2016 to 11,434,373 shares on June 15,2016, the days to cover came in at 4. The updated interest stood at 8.5% of the stocks floats. The stock has seen an average daily volume of 2,826,433 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Manitowoc Company (The) (NYSE:MTW): The stock opened at $5.45 on Friday but the bulls could not build on the opening and the stock topped out at $5.62 for the day. The stock traded down to $5.37 during the day, due to lack of any buying support eventually closed down at $5.54 with a loss of -4.32% for the day. The stock had closed at $5.79 on the previous day. The total traded volume was 13,692,210 shares.

The company shares have dropped -71.81% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $19.95 and the one year low was seen on Mar 8, 2016. The 50-Day Moving Average price is $5.74 and the 200 Day Moving Average price is recorded at $9.26.

Manitowoc Company (The) (NYSE:MTW) has tumbled 2.81% during the past week and has dropped 2.46% in the last 4 week period. The stocks have underperformed the S&P 500 by 1.19% during the past week but Manitowoc Company (The) (NYSE:MTW) it has outperformed the index in 4 weeks by 0.49%.

The Manitowoc Company, Inc. (MTW) is a multi-industry capital goods manufacturer. The Company operates in two markets: Cranes and Related Products (Crane) and Foodservice Equipment (Foodservice). Crane is a provider of engineered lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes and boom trucks. Foodservice is a manufacturer of commercial foodservice equipment serving the ice, beverage, refrigeration, food-preparation, holding and cooking needs of restaurants, convenience stores, hotels, healthcare and institutional applications. Its Crane products are marketed under the Manitowoc, Grove, Potain, National Crane, Shuttlelift and Manitowoc Crane Care brand names. Its Foodservice products, services and solutions are marketed under Cleveland, Convotherm, Dean, Delfield, Fabristeel, Frymaster, Garland, Inducs, Koolaire, Kolpak, Kysor Panel Systems and U.S. Range, Lincoln, Manitowoc Ice and Merrychef, among others.

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