Short Interest Update on Allison Transmission Holdings (ALSN)

Allison Transmission Holdings (ALSN) : The bears are holding on to their shorts in Accenture Plc with 2 more days remaining for them to cover their positions. The bearish positions have increased from 2,224,162 on Jul 29, 2016, to 2,546,994, on August 15, 2016. Daily, 1,275,310 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 322,832 shares, which is an increase of just 14.5%. The total short interest of 1.5% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

Allison Transmission Holdings (NYSE:ALSN): The stock opened at $27.94 on Wednesday but the bulls could not build on the opening and the stock topped out at $28.01 for the day. The stock traded down to $27.77 during the day, due to lack of any buying support eventually closed down at $27.78 with a loss of -0.75% for the day. The stock had closed at $27.99 on the previous day. The total traded volume was 1,142,798 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP, Quality and Reliability) of Allison Transmission Holdings Inc, Dean Sharon L. had sold 5,500 shares worth of $154,825 in a transaction dated August 10, 2016. In this transaction, 5,500 shares were sold at $28.15 per share.

Allison Transmission Holdings, Inc. designs and manufactures commercial and defense transmissions. The Company offers fully-automatic transmissions for medium-and heavy-duty commercial vehicles and medium-and heavy-tactical United States defense vehicles. The Companys transmissions are used in a variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked). The Companys transmissions are sold under the Allison Transmission brand name and remanufactured transmissions are sold under the ReTran brand name. The Company has over 100 different models that are used in over 2,500 different vehicle configurations and are compatible with more than 500 combinations of engine brands, models and ratings, including diesel, gasoline, natural gas and other alternative fuels.

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