Reynolds American Inc June 15th Short Interest Update

Reynolds American Inc (NYSE:RAI), A drop of 303,779 shares or 2.2% was seen in the short interest of Reynolds American Inc. Even as the interest dropped from 13,952,630 shares on May 31,2016 to 13,648,851 shares on June 15,2016, the days to cover came in at 4. The updated interest stood at 1.7% of the stocks floats. The stock has seen an average daily volume of 3,529,282 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Reynolds American Inc (NYSE:RAI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.91 and $49.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.29, notching a gain of 0.89% for the day. The total traded volume was 9,128,677 . The stock had closed at $50.84 on the previous day.

The company shares have rallied 36.66% from its 1 Year high price. On Mar 10, 2016, the shares registered one year high at $52.54 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $50.54 and the 200 Day Moving Average price is recorded at $49.12.

Reynolds American Inc (NYSE:RAI) has climbed 2.13% in the past week and advanced 2.31% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.83% and the outperformance has advanced to 5.41% for the last 4 weeks period.

Reynolds American Inc. (RAI) is a holding company. The Company operates through three segments: RJR Tobacco, American Snuff and Santa Fe. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The American Snuff segment consists of the primary operations of American Snuff Co. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company Inc. (SFNTC). The Companys wholly owned subsidiaries include R. J. Reynolds Tobacco Company, American Snuff Company, LLC (American Snuff Co.), Lorillard, Inc., Santa Fe Natural Tobacco Company, Inc. (SFNTC), R. J. Reynolds Vapor Company (RJR Vapor), Niconovum USA, Inc. and Niconovum AB.

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