Short Interest Update on Axis Capital Holdings Limited (AXS)

Axis Capital Holdings Limited (AXS) has 1,576,901 shares of shorts outstanding as on August 15, 2016, with 3 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 1,579,304 shares. The stock has a decent trading volume of 495,882 shares daily. The marginal decrease in the short positions is by -0.2%, which amounts to -2,403 shares. Short positions are 1.8% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

Axis Capital Holdings Limited (NYSE:AXS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.62 and $55.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.93, notching a gain of 0.59% for the day. The total traded volume was 404,651 . The stock had closed at $55.60 on the previous day.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP, General Counsel & Sec) of Axis Capital Holdings Ltd, Gieryn Richard T Jr had sold 14,967 shares worth of $813,756 in a transaction dated May 20, 2016. In this transaction, 14,967 shares were sold at $54.37 per share.

AXIS Capital Holdings Limited is a Bermuda-based holding company for the AXIS group of companies. The Company provides a range of specialty (re)insurance, through operating subsidiaries and branch networks -based in Bermuda, the United States, Canada, Europe, Australia and Singapore. The Company operates in to segments: AXIS Insurance and AXIS Re. The Company also has marketing offices in Brazil, France and Spain. The lines of business in insurance segment include property, marine, terrorism, aviation, credit and political risk, professional lines, liability and accident and health. The reinsurance segment provides non-life reinsurance to insurance companies. The lines of business in insurance segment include catastrophe; property; professional lines; credit and surety; motor; liability; engineering; agriculture, among others.

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