Colfax Corporation (CFX) : Traders are negative on Colfax Corporation (CFX), as it has 5% of short positions outstanding compared to its float. The total shorts have reduced by -773,733 shares, which is a -14.9% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,5,178,909 to 4,405,176 shares. While the daily trading volume of the stock is 750,794, there are 6 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.
Colfax Corporation (NYSE:CFX): The stock opened at $30.70 on Wednesday but the bulls could not build on the opening and the stock topped out at $30.98 for the day. The stock traded down to $30.29 during the day, due to lack of any buying support eventually closed down at $30.40 with a loss of -1.43% for the day. The stock had closed at $30.84 on the previous day. The total traded volume was 371,601 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, Colfax, Pres. & CEO CFH) of Colfax Corp, Mayhorn Darryl had sold 376 shares worth of $10,724 in a transaction dated August 1, 2016. In this transaction, 376 shares were sold at $28.52 per share.
Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid-handling, and fabrication technology products and services to commercial and Governmental customers around the world under the Howden, ESAB and Colfax Fluid Handling brand names. The Companys segments include gas and fluid handling, and fabrication technology. The gas and fluid handling segment supplies a range of products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps, fluid-handling systems and controls and specialty valves, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets. Fabrication technology segment formulates, develops, manufactures and supplies consumable products and equipment for the cutting and joining of steels, aluminum, and other metals and metal alloys.