Trimble Navigation Limited June 15th Short Interest Update

Trimble Navigation Limited (NASDAQ:TRMB) stated gains of 535,032 shares or 13.1% in the short interest. The short interest registered from 4,090,320 on May 31,2016 to 4,625,352 on June 15,2016. In terms of floated shares, the shorted positions stood at 1.8%. The stock has been averaging 1,090,073 shares daily in trading and would need 4 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Trimble Navigation Limited (NASDAQ:TRMB): The stock opened at $26.62 on Friday but the bulls could not build on the opening and the stock topped out at $26.82 for the day. The stock traded down to $26.00 during the day, due to lack of any buying support eventually closed down at $26.02 with a loss of -6.37% for the day. The stock had closed at $27.79 on the previous day. The total traded volume was 5,719,436 shares.

The company shares have rallied 13.08% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $27.79 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $25.17 and the 200 Day Moving Average price is recorded at $23.37.

Trimble Navigation Limited (NASDAQ:TRMB) has tumbled 1.18% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 4.04% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.46% and the outperformance has advanced to 7.19% for the last 4 weeks period.

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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