Short Interest Update on Northrop Grumman Corporation (NOC)

Northrop Grumman Corporation (NOC) : Traders are getting increasingly bearish on Northrop Grumman Corporation (NOC), as can be seen in the addition of short positions from 1,534,177 on Jul 29, 2016, to 1,589,131 on August 15, 2016. The net change in shorts is 54,954 shares, an increase of 3.6%. 2 days remain before the expiry. The 0.9% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 741,481. The short interest information was released on Wednesday Aug 24th after the market close.

Northrop Grumman Corporation (NYSE:NOC): The stock opened at $213.83 on Wednesday but the bulls could not build on the opening and the stock topped out at $214.59 for the day. The stock traded down to $212.16 during the day, due to lack of any buying support eventually closed down at $214.00 with a loss of -0.23% for the day. The stock had closed at $214.50 on the previous day. The total traded volume was 959,373 shares.


In a related news, The Securities and Exchange Commission has divulged that Caylor Mark A, officer (Corp VP & Pres ES & CSO) of Northrop Grumman Corp /De/, had unloaded 5,466 shares at an average price of $218.27 in a transaction dated on August 15, 2016. The total value of the transaction was worth $1,193,064.

Northrop Grumman Corporation is a global security company. The Company provides systems, products and solutions in unmanned systems; cyber; command, control, communications and computers (C4), intelligence, surveillance, and reconnaissance (C4ISR); strike aircraft, and logistics and modernization to government and commercial customers across the world. The Company operates through four segments: Aerospace Systems, Electronic Systems, Information Systems and Technical Services. It offers a portfolio of capabilities and technologies that enable it to deliver systems and solutions for applications. It participates in many high-priority defense and Government programs in the United States and abroad. The Company conducts business with the United States Government, the Department of Defense (DoD) and intelligence community. The Company also conducts business with local, state, and foreign Governments and domestic and international commercial customers.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.