Short Interest Update on Deere & Company (DE)

Deere & Company (DE) has 29,397,388 shares of shorts outstanding as on August 15, 2016, with 11 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 30,609,674 shares. The stock has a decent trading volume of 2,612,966 shares daily. The marginal decrease in the short positions is by -4%, which amounts to -1,212,286 shares. Short positions are 9.4% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

Deere & Company (NYSE:DE): The stock opened at $87.86 on Wednesday but the bulls could not build on the opening and the stock topped out at $88.43 for the day. The stock traded down to $87.35 during the day, due to lack of any buying support eventually closed down at $87.42 with a loss of -0.76% for the day. The stock had closed at $88.09 on the previous day. The total traded volume was 3,795,559 shares.


In a related news, Kalathur Rajesh, officer (Senior Vice President & CFO) of Deere & Co, unloaded 4,366 shares at an average price of $79.52 on December 2, 2015. The total amount of the transaction was worth $347,184, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Companys agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts. The Companys construction and forestry segment primarily manufactures and distributes a range of machines and service parts used in construction, earthmoving, material handling and timber harvesting. The Companys financial services segment primarily provides credit services, which include finance sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment.

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