Short Interest Update on FedEx Corporation (FDX)

FedEx Corporation (FDX) has 3,190,083 shares of shorts outstanding as on August 15, 2016, with 4 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 3,204,023 shares. The stock has a decent trading volume of 902,435 shares daily. The marginal decrease in the short positions is by -0.4%, which amounts to -13,940 shares. Short positions are 1.3% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

FedEx Corporation (NYSE:FDX): The stock opened at $168.54 on Wednesday but the bulls could not build on the opening and the stock topped out at $169.27 for the day. The stock traded down to $167.77 during the day, due to lack of any buying support eventually closed down at $168.23 with a loss of -0.21% for the day. The stock had closed at $168.59 on the previous day. The total traded volume was 859,661 shares.


In a related news,The officer (EVP Chief Info Officer) of Fedex Corp, Carter Robert B sold 5,000 shares at $164.51 on August 11, 2016. The Insider selling transaction had a total value worth of $822,550. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services under the FedEx brand. The Company offers its services through companies constituting four business segments: FedEx Express, FedEx Ground, FedEx Freight and FedEx Services. FedEx Express offers a range of domestic and international shipping services for delivery of packages and freight. FedEx Ground provides business and residential money-back guaranteed ground package delivery services. FedEx Freight offers less-than-truckload (LTL) freight services. FedEx Services provides FedExs other companies with sales, marketing, information technology, communications, customer service and certain other back-office support. The Companys subsidiaries include Federal Express Corporation, FedEx Trade Networks, Inc., FedEx Ground Package System, Inc., FedEx SmartPost, Inc., FedEx Corporate Services, Inc. and GENCO Distribution System, Inc., among others.

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