C.H. Robinson Worldwide (CHRW) : Traders are negative on C.H. Robinson Worldwide (CHRW), as it has 7.7% of short positions outstanding compared to its float. The total shorts have reduced by -140,429 shares, which is a -1.3% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,10,952,397 to 10,811,968 shares. While the daily trading volume of the stock is 1,145,481, there are 9 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
C.H. Robinson Worldwide (NASDAQ:CHRW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.51 and $69.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $69.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $69.65, notching a gain of 0.36% for the day. The total traded volume was 1,063,020 . The stock had closed at $69.40 on the previous day.
In a related news,The officer (VP, Human Resources) of C H Robinson Worldwide Inc, Freeman Angela K. sold 2,200 shares at $73.15 on May 9, 2016. The Insider selling transaction had a total value worth of $160,930. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
C.H. Robinson Worldwide, Inc. is a third party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. The Company operates through a network of 281 offices in North America, Europe, Asia and South America. It has developed global transportation and distribution networks to provide transportation and supply chain services worldwide. It also provides sourcing services through Robinson Fresh. Sourcing business involves the buying, selling and marketing of fresh fruits, vegetables, and other perishable items. The Company supplies fresh produce through its network of independent produce growers and suppliers. Its customers include grocery retailers and restaurants, produce wholesalers and foodservice distributors. It also arranges the logistics and transportation of the products it sells and provides related supply chain services, such as replenishment, category management and merchandising.