Short Interest Update on Virgin America (VA)

Virgin America (VA) : Traders are increasing their bearish positions on the stock, as is visible by the 26.6% jump in the outstanding short positions; a total addition of 1,175,057 shares on the sell side. On Jul 29, 2016, the total short positions were 4,425,926 shares, which went up to 5,600,983 shares by the close of trading on August 15, 2016. It will take 15 days for the bears to roll over or cover. An average of 377,057 shares exchange hands daily. 18.7% 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.

Virgin America (NASDAQ:VA): The stock was completely flat for the day, closing at $56.10 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $56.00, the stock touched an intraday high of $56.13 and a low of $55.95. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $56.10. The total trading volume on Wednesday was 327,205.


In a related news, The Securities and Exchange Commission has divulged that Varley John J., officer (Senior VP, General Counsel) of Virgin America Inc., had unloaded 10,084 shares at an average price of $36.38 in a transaction dated on November 23, 2015. The total value of the transaction was worth $366,856.

Virgin America Inc. is an airline that provides scheduled air travel in the United States and Mexico. The Company operates from Los Angeles and San Francisco with a presence at Dallas Love Field (DAL) to other destinations in North America. It provides service to approximately 21 airports in the United States and Mexico with a fleet of 53 narrow-body aircraft. It offers three levels of service: First Class, Main Cabin Select and Main Cabin. First Class level of service includes eight-seat cabin with an inflight teammate to provide service, 165 degree reclining leather seat with massage functions and 55 inches of pitch between rows, among others. Main Cabin Select includes 38 inches of pitch for leg room, individual Red inflight entertainment system at every seatback and one free checked bag, among others. Main Cabin includes 32 or 33 inches of pitch, individual Red inflight entertainment system at every seatback and complimentary live television, among others.

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