Short Interest Update on General Dynamics Corporation (GD)

General Dynamics Corporation (GD) : The short interest in General Dynamics Corporation (GD) has increased from 3,817,272 to 3,923,037 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,584,663 shares are traded daily in the stock and only 2 days are left for the shorts to cover. The short open interest is 1.3% of the total shares in the hands of the public. The shorts in the stock have gone up by 105,765 shares, which is an increase of 2.8% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

General Dynamics Corporation (NYSE:GD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $151.83 and $151.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $152.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $152.29, notching a gain of 0.09% for the day. The total traded volume was 1,040,471 . The stock had closed at $152.15 on the previous day.


In a related news, Roualet Mark C., officer (Executive Vice President) of General Dynamics Corp, unloaded 40,780 shares at an average price of $151.26 on August 11, 2016. The total amount of the transaction was worth $6,168,383, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; communications and information technology systems and solutions, and military and commercial shipbuilding. The Company operates through four business groups: Aerospace, Combat Systems, Information Systems and Technology and Marine Systems. Aerospace group designs, manufactures and outfits a family of Gulfstream business-jet aircraft and provides aircraft services. Combat Systems group is engaged in systems engineering, spanning design, development, manufacture and support of military vehicles, weapons systems and munitions. Marine Systems group designs, builds and supports submarines and surface ships. Information Systems and Technology group provides technologies, products and services that support a range of military, federal/civilian and commercial information-systems requirements.

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