Tyson Foods (NYSE:TSN) stated gains of 2,113,211 shares or 16% in the short interest. The short interest registered from 13,216,800 on May 31,2016 to 15,330,011 on June 15,2016. In terms of floated shares, the shorted positions stood at 5.2%. The stock has been averaging 4,208,555 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.
Tyson Foods (NYSE:TSN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.20 and $62.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.57, notching a gain of 0.33% for the day. The total traded volume was 6,870,802 . The stock had closed at $63.36 on the previous day.
The company shares have rallied 48.01% from its 1 Year high price. On May 9, 2016, the shares registered one year high at $70.44 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $63.99 and the 200 Day Moving Average price is recorded at $61.35.
Stocks of Tyson Foods (NYSE:TSN) rallied by 3.84% during the past week but lost 2.31% on a 4-week basis. In the past week, the company has outperformed the S&P 500 by 5.56% and the outperformance has advanced to 0.65% for the last 4 weeks period.
Tyson Foods, Inc., is a food production company. The Companys operations are conducted in five segments: Chicken, Beef, Pork, Prepared Foods and International. Chicken, includes domestic operations related of raising and processing live chickens into fresh, frozen and value-added chicken products, and sales of allied products. Beef, includes operations related to processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products. Pork, includes operations related to processing live market hogs and fabricating pork carcasses into primal and sub-primal cuts and case-ready products. Prepared Foods, includes operations related to manufacturing and marketing frozen and refrigerated food products and logistics operations of products through the supply chain. International, includes foreign operations related to raising and processing live chickens into fresh, frozen and value-added chicken products in across countries.