Short Interest Update on B/E Aerospace (BEAV)

B/E Aerospace (BEAV) : The bears are holding on to their shorts in Accenture Plc with 11 more days remaining for them to cover their positions. The bearish positions have increased from 8,830,925 on Jul 29, 2016, to 8,931,695, on August 15, 2016. Daily, 805,818 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 100,770 shares, which is an increase of just 1.1%. The total short interest of 8.8% 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.

B/E Aerospace (NASDAQ:BEAV): The stock opened at $49.68 on Wednesday but the bulls could not build on the opening and the stock topped out at $50.33 for the day. The stock traded down to $49.67 during the day, due to lack of any buying support eventually closed down at $49.87 with a loss of -0.04% for the day. The stock had closed at $49.89 on the previous day. The total traded volume was 1,340,964 shares.


In a related news,The officer (VP,General Counsel & Secretary) of B/E Aerospace Inc, Patch Ryan M sold 950 shares at $47.58 on May 27, 2016. The Insider selling transaction had a total value worth of $45,201. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

B/E Aerospace, Inc. is a manufacturer of cabin interior products for commercial aircraft and business jets. The Company sells its products and provides services directly to various airlines and aerospace manufacturers across the world. The Company operates through two segments: commercial aircraft (CAS) and business jet (BJS). The Companys commercial aircraft (CAS) segment offers a range of seating products, oxygen delivery systems, coffee makers and water boilers, ovens, and refrigeration equipment, modular lavatory, wastewater and galley systems, and also provides engineering, design, integration, installation and certification services. The Companys business jet segment offers a range of furnishings and interior packages for business jets.

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