L-3 Communications Holdings (LLL) : 2 days before expiry, shorts in L-3 Communications Holdings (LLL) have reduced from 1,364,445 on Jul 29, 2016, to 1,066,113 on August 15, 2016. On an average, 560,102 shares are traded on the exchange. The outstanding bearish positions are equal to 1.4% of the float. Short sellers have covered -298,332 shares, a reduction of -21.9%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
L-3 Communications Holdings (NYSE:LLL): The stock opened at $146.91 on Wednesday but the bulls could not build on the opening and the stock topped out at $147.42 for the day. The stock traded down to $146.12 during the day, due to lack of any buying support eventually closed down at $146.78 with a loss of -0.20% for the day. The stock had closed at $147.08 on the previous day. The total traded volume was 536,690 shares.
In a related news, The Securities and Exchange Commission has divulged that Canizares Claude R, director of L 3 Communications Holdings Inc, had unloaded 2,469 shares at an average price of $150.23 in a transaction dated on August 10, 2016. The total value of the transaction was worth $370,918.
L-3 Communications Holdings, Inc. (L-3 Holdings) operates through its wholly owned operating subsidiary L-3 Communications Corporation (L-3 Communications). L-3 is a prime contractor in intelligence, surveillance and reconnaissance (ISR) systems, aircraft sustainment (including modifications, logistics and maintenance), simulation and training, night vision and image intensification equipment, enterprise and mission information technology (IT) solutions, and cyber operations. L-3 also provides a range of communication and electronic systems and products used on military and commercial platforms. It operates in four segments: Electronic Systems, Aerospace Systems, Communication Systems and National Security Solutions (NSS). Its customers include the United States Department of Defense and its prime contractors, the United States Government intelligence agencies, the United States Department of Homeland Security, foreign Governments, and domestic and international commercial customers.