Short Interest Update on Republic Services (RSG)

Republic Services (RSG) : Traders are increasing their bearish positions on the stock, as is visible by the 4.2% jump in the outstanding short positions; a total addition of 199,563 shares on the sell side. On Jul 29, 2016, the total short positions were 4,783,742 shares, which went up to 4,983,305 shares by the close of trading on August 15, 2016. It will take 4 days for the bears to roll over or cover. An average of 1,119,172 shares exchange hands daily. 1.5% 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.

Republic Services (NYSE:RSG): The stock opened at $51.19 on Wednesday but the bulls could not build on the opening and the stock topped out at $51.36 for the day. The stock traded down to $51.06 during the day, due to lack of any buying support eventually closed down at $51.27 with a loss of -0.02% for the day. The stock had closed at $51.28 on the previous day. The total traded volume was 877,536 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (CAO) of Republic Services, Inc., Goebel Brian A had sold 1,695 shares worth of $88,310 in a transaction dated July 5, 2016. In this transaction, 1,695 shares were sold at $52.1 per share.

Republic Services, Inc. is a provider of services in the domestic non-hazardous solid waste services industry. The Company provides non-hazardous solid waste collection services for commercial, industrial, municipal and residential customers. The Company operates three geographic operating regions that are also its segments: East, Central and West. Each region is organized into several areas and each area contains multiple business units or operating locations. The Company has approximately 340 collection operations, owned or operated 198 transfer stations, 189 active solid waste landfills and 60 recycling centers. It also operates approximately 72 landfill gas and renewable energy projects. The Company operates in 39 states and Puerto Rico. The Company provides collection, transfer, recycling and landfill services in all its regions.

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