AECOM (ACM) : Traders are increasing their bearish positions on the stock, as is visible by the 3.3% jump in the outstanding short positions; a total addition of 157,257 shares on the sell side. On Jul 29, 2016, the total short positions were 4,785,858 shares, which went up to 4,943,115 shares by the close of trading on August 15, 2016. It will take 4 days for the bears to roll over or cover. An average of 1,392,141 shares exchange hands daily. 3.3% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
AECOM (NYSE:ACM): The stock opened at $32.70 on Wednesday but the bulls could not build on the opening and the stock topped out at $32.87 for the day. The stock traded down to $32.17 during the day, due to lack of any buying support eventually closed down at $32.18 with a loss of -1.56% for the day. The stock had closed at $32.69 on the previous day. The total traded volume was 877,623 shares.
In a related news, Tishman Daniel R., director officer (Vice Chairman) of Aecom, unloaded 30,000 shares at an average price of $35.2 on August 1, 2016. The total amount of the transaction was worth $1,056,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
AECOM is a provider of professional technical and management support services for commercial and government clients around the world. The Company provides planning, consulting, architectural and engineering design, and program and construction management services for a range of projects, including highways, airports, bridges, mass transit systems, government and commercial buildings, water and wastewater facilities, and power transmission and distribution. The Company also provides program and facilities management and maintenance, training, logistics, security and other support services, primarily for agencies of the United States government. It operates in two segments: Professional Technical Services and Management Support Services. Effective July 10, 2014, it acquired ACE International Consultants SL, a Madrid-based provider of consulting services. In July 2014, it acquired Hunt Construction Group, adding to AECOMs construction services business.