Expeditors International of Washington (EXPD) has 11,525,827 shares of shorts outstanding as on August 15, 2016, with 9 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 11,747,442 shares. The stock has a decent trading volume of 1,351,041 shares daily. The marginal decrease in the short positions is by -1.9%, which amounts to -221,615 shares. Short positions are 6.4% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Expeditors International of Washington (NASDAQ:EXPD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.24 and $51.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.42, notching a gain of 0.43% for the day. The total traded volume was 594,666 . The stock had closed at $51.20 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Malone Michael J, director of Expeditors International Of Washington Inc, had unloaded 26,646 shares at an average price of $51 in a transaction dated on August 17, 2016. The total value of the transaction was worth $1,358,946.
Expeditors International of Washington, Inc. is engaged in the business of providing global logistics services. The Companys services include air and ocean freight transportation and customs brokerage. The Company also provides additional services, including order management, time-definite transportation, warehousing and distribution, cargo insurance and logistics solutions. The Company operates in Americas, including the United States, Other North America and Latin America; Asia Pacific; Europe, and Middle East, Africa and India. The Company provides airfreight services and acts either as a freight consolidator or as an agent for the airline, which carries the shipment. The Company operates Expeditors International Ocean, Inc. (EIO), an Ocean Transportation Intermediary, also known as Non-Vessel Operating Common Carrier (NVOCC), which specializes in ocean freight services in trade lanes across the world.