Navistar International Corporation (NAV) : Traders are increasing their bearish positions on the stock, as is visible by the 2.8% jump in the outstanding short positions; a total addition of 307,375 shares on the sell side. On Jul 29, 2016, the total short positions were 10,789,905 shares, which went up to 11,097,280 shares by the close of trading on August 15, 2016. It will take 12 days for the bears to roll over or cover. An average of 923,894 shares exchange hands daily. 13.7% 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.
Navistar International Corporation (NYSE:NAV): The stock opened at $14.43 on Wednesday but the bulls could not build on the opening and the stock topped out at $14.46 for the day. The stock traded down to $13.97 during the day, due to lack of any buying support eventually closed down at $14.15 with a loss of -2.41% for the day. The stock had closed at $14.50 on the previous day. The total traded volume was 666,968 shares.
Navistar International Corporation (NIC) is a holding company, whose principal operating subsidiaries are Navistar, Inc. and Navistar Financial Corporation (NFC). The Company is a manufacturer of International brand commercial and military trucks, MaxxForce brand diesel engines, IC Bus (IC) brand school and commercial buses, as well as a provider of service parts for trucks and diesel engines. It also provides retail, wholesale, and lease financing of trucks and parts. The Company operates in four reporting segments, which comprises: North America Truck, North America Parts, Global Operations (collectively referred to as Manufacturing operations), and Financial Services. Its principal products and services include Trucks, Parts, Engines and Financial Services.