Philip Morris International Inc (NYSE:PM) has seen a rise of 344,455 shares or 2.8% in the short interest. The remaining shorts are 0.8% of the total floated shares. The net short interest, as on June 15,2016, stood at 12,687,467 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 4,175,507 shares. On May 31,2016, 12,343,012 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Philip Morris International Inc (NYSE:PM): The stock opened at $99.15 on Friday but the bulls could not build on the opening and the stock topped out at $100.08 for the day. The stock traded down to $97.12 during the day, due to lack of any buying support eventually closed down at $97.71 with a loss of -4.11% for the day. The stock had closed at $101.90 on the previous day. The total traded volume was 14,754,887 shares.
The company shares have rallied 21.95% from its 1 Year high price. On May 12, 2016, the shares registered one year high at $102.55 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $100.19 and the 200 Day Moving Average price is recorded at $94.77.
Philip Morris International Inc (NYSE:PM) has tumbled 3% during the past week and has dropped 1.48% in the last 4 week period. The stocks have underperformed the S&P 500 by 1.39% during the past week but Philip Morris International Inc (NYSE:PM) it has outperformed the index in 4 weeks by 1.5%.
Philip Morris International Inc. is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Companys products are sold in more than 180 markets, which include a range of international and local, premium, mid-price and low-price brands. Its premium price brands include Marlboro, Merit, Parliament and Virginia Slims; mid-price brands are L&M and Chesterfield, and international brands include Bond Street, Lark, Muratti, Next, Philip Morris and Red & White. Its local cigarette brands consist of Sampoerna, Dji Sam Soe and U Mild in Indonesia; Fortune, Champion and Hope in the Philippines; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.