Southwest Airlines Company (NYSE:LUV) stated gains of 5,724,602 shares or 59.5% in the short interest. The short interest registered from 9,624,849 on May 31,2016 to 15,349,451 on June 15,2016. In terms of floated shares, the shorted positions stood at 2.4%. The stock has been averaging 6,275,681 shares daily in trading and would need 2 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Southwest Airlines Company (NYSE:LUV): The stock opened at $37.88 on Friday but the bulls could not build on the opening and the stock topped out at $39.24 for the day. The stock traded down to $37.74 during the day, due to lack of any buying support eventually closed down at $38.31 with a loss of -3.23% for the day. The stock had closed at $39.59 on the previous day. The total traded volume was 19,699,921 shares.
The company shares have rallied 15.46% from its 1 Year high price. On Dec 7, 2015, the shares registered one year high at $51.34 and the one year low was seen on Jul 1, 2015. The 50-Day Moving Average price is $41.72 and the 200 Day Moving Average price is recorded at $42.14.
Southwest Airlines Company (NYSE:LUV) has tumbled 3.6% during the past week and has dropped 9.5% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2%. Southwest Airlines Company (NYSE:LUV) has underperformed the index by 6.76% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Southwest Airlines Co. operates Southwest Airlines (Southwest). Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company serves around 93 destinations in 40 states and runs international services to Montego Bay, Nassau, Oranjestad, Cabo San Lucas/Los Cabos, Cancun, Mexico City and Punta Cana. It serves around 17 non-stop destinations and 581 non-stop city pairs. It operates around 665 Boeing 737 aircrafts. It provides several products, such as Business Select, Fly By Priority Lanes and SWABIZ. Its Website, southwest.com, enables purchasing and managing travel online. It offers southwest.com and swabiz.com in a translated Spanish version. Southwest provides inflight satellite-based wireless fidelity (Wi-Fi) service and live television. Its service offerings include EarlyBird Check-In, Pets Are Welcome on Southwest (P.A.W.S.) products, Automated Outbound Messaging (AOM) service and southwest.com/rebook.