Smith (A.O.) Corporation (AOS) : 5 days before expiry, shorts in Smith (A.O.) Corporation (AOS) have reduced from 2,574,977 on Jul 29, 2016, to 2,456,818 on August 15, 2016. On an average, 463,652 shares are traded on the exchange. The outstanding bearish positions are equal to 3.4% of the float. Short sellers have covered -118,159 shares, a reduction of -4.6%, 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.
Smith (A.O.) Corporation (NYSE:AOS): The stock opened at $95.58 on Wednesday but the bulls could not build on the opening and the stock topped out at $95.79 for the day. The stock traded down to $95.03 during the day, due to lack of any buying support eventually closed down at $95.27 with a loss of -0.54% for the day. The stock had closed at $95.79 on the previous day. The total traded volume was 324,358 shares.
In a related news, The director, of Smith A O Corp, Smith Mark D had unloaded 1,146 shares at $93.76 per share in a transaction on July 28, 2016. The total value of transaction was $107,449. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
A. O. Smith Corporation operates its business through two segments, which include North America and Rest of World. Both segments manufacture and market a range of residential gas, gas tankless and electric water heaters and commercial water heating equipment. The North America segment manufactures and markets specialty commercial water heating equipment, condensing and non-condensing boilers, and water systems tanks. The Company serves residential and commercial end markets in North America with a range of products, including water heaters, boilers and others. The Rest of World segment manufactures and markets water treatment products, primarily in Asia. The Rest of World segment includes China, Europe and India. The Company supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers.