Short Interest Update on Illinois Tool Works (ITW)

Illinois Tool Works (ITW) : Traders are increasing their bearish positions on the stock, as is visible by the 1.9% jump in the outstanding short positions; a total addition of 135,893 shares on the sell side. On Jul 29, 2016, the total short positions were 7,191,540 shares, which went up to 7,327,433 shares by the close of trading on August 15, 2016. It will take 6 days for the bears to roll over or cover. An average of 1,208,285 shares exchange hands daily. 2% 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.

Illinois Tool Works (NYSE:ITW): The stock opened at $119.72 on Wednesday but the bulls could not build on the opening and the stock topped out at $119.95 for the day. The stock traded down to $119.25 during the day, due to lack of any buying support eventually closed down at $119.53 with a loss of -0.21% for the day. The stock had closed at $119.78 on the previous day. The total traded volume was 1,218,748 shares.


In a related news, The Securities and Exchange Commission has divulged that Parry David C, officer (Vice Chairman) of Illinois Tool Works Inc, had unloaded 40,000 shares at an average price of $118.49 in a transaction dated on August 11, 2016. The total value of the transaction was worth $4,739,600.

Illinois Tool Works Inc. (ITW) is a manufacturer of a range of industrial products and equipment. The Companys operates in seven segments: Automotive OEM, Test & Measurement and Electronics, Food Equipment, Polymers & Fluids, Welding, Construction Products and Specialty Products. These operations serve end markets as automotive original equipment manufacturers/tiers, automotive aftermarket, general industrial, commercial food equipment and construction. It produces components and fasteners for automotive-related applications; equipment, consumables and related software; commercial food equipment, adhesives, sealants, lubrication and cutting fluids; arc welding equipment, consumables and accessories; construction fastening systems and truss products, and beverage packaging equipment and consumables. The Company operates approximately 90 divisions in 57 countries.

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