H&E Equipment Services (HEES) : Traders are increasing their bearish positions on the stock, as is visible by the 8.4% jump in the outstanding short positions; a total addition of 172,258 shares on the sell side. On Jul 29, 2016, the total short positions were 2,040,271 shares, which went up to 2,212,529 shares by the close of trading on August 15, 2016. It will take 9 days for the bears to roll over or cover. An average of 252,058 shares exchange hands daily. 7.1% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
H&E Equipment Services (NASDAQ:HEES): The stock opened at $16.53 on Wednesday but the bulls could not build on the opening and the stock topped out at $16.68 for the day. The stock traded down to $16.20 during the day, due to lack of any buying support eventually closed down at $16.23 with a loss of -2.17% for the day. The stock had closed at $16.59 on the previous day. The total traded volume was 122,285 shares.
In a related news, Sawyer John, director of H&E Equipment Services, Inc., executed a transaction worth $81,800 on December 11, 2015. A total of 5,000 shares were purchased at an average price of $16.36. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
H&E Equipment Services Inc. (H&E) is focused on heavy construction and industrial equipment. The Company rents, sells and provides parts and services support for four categories of equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment; and industrial lift trucks. H&E is engaged in five business activities under equipment rentals; new equipment sales; used equipment sales; parts sales; and repair and maintenance services. It rents heavy construction and industrial equipment to customers on a daily, weekly and monthly basis. H&E sells used equipment primarily from its rental fleet, as well as inventoried equipment. It sells new and used parts to customers and also provides parts to its own rental fleet. It maintains an in-house parts inventory in order to provide timely parts and service support to its customers , as well as to its own rental fleet. H&E provides maintenance and repair services for its customers owned equipment and to its own rental fleet.