Short Interest Update on Trimble Navigation Limited (TRMB)

Trimble Navigation Limited (TRMB) has 4,002,826 shares of shorts outstanding as on August 15, 2016, with 3 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 4,922,765 shares. The stock has a decent trading volume of 1,195,007 shares daily. The marginal decrease in the short positions is by -18.7%, which amounts to -919,939 shares. Short positions are 1.6% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

Trimble Navigation Limited (NASDAQ:TRMB): The stock opened at $27.85 on Wednesday but the bulls could not build on the opening and the stock topped out at $27.93 for the day. The stock traded down to $27.32 during the day, due to lack of any buying support eventually closed down at $27.36 with a loss of -1.72% for the day. The stock had closed at $27.84 on the previous day. The total traded volume was 863,306 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Vice President) of Trimble Navigation Ltd /Ca/, Kirkland James A had sold 10,450 shares worth of $291,973 in a transaction dated August 16, 2016. In this transaction, 10,450 shares were sold at $27.94 per share.

Trimble Navigation Limited is a provider of technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment provides heavy civil construction, building construction and geospatial solutions. The Field Solutions segment offers positioning systems, automated application systems, and data collection and integration systems. The Mobile Solutions segment includes its Transportation and Logistics, and Field Service Management businesses. The Advanced Devices segment includes its Embedded Technologies, Military and Advanced Systems, and ThingMagic businesses. Its brands include Trimble, PeopleNet, GEOTrac and TMW. In addition, it offers TILOS software, which merges both location and schedule into one combined time and distance graphical view, and FlexiCadastre software, which provides land management solution.

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