Union Pacific Corporation (NYSE:UNP) stated gains of 3,520,116 shares or 40.1% in the short interest. The short interest registered from 8,788,320 on May 31,2016 to 12,308,436 on June 15,2016. In terms of floated shares, the shorted positions stood at 1.5%. The stock has been averaging 4,324,383 shares daily in trading and would need 3 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Union Pacific Corporation (NYSE:UNP): The stock opened at $85.45 on Friday but the bulls could not build on the opening and the stock topped out at $86.37 for the day. The stock traded down to $84.14 during the day, due to lack of any buying support eventually closed down at $85.25 with a loss of -3.72% for the day. The stock had closed at $88.54 on the previous day. The total traded volume was 14,193,976 shares.
The company shares have dropped -10.76% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $99.71 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $85.29 and the 200 Day Moving Average price is recorded at $80.46.
Union Pacific Corporation (NYSE:UNP) has tumbled 2.66% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.75% in the last four weeks. The stocks have underperformed the S&P 500 by 1.05% during the past week but Union Pacific Corporation (NYSE:UNP) it has outperformed the index in 4 weeks by 5.86%.
Union Pacific Corporation operates through its principal operating company, Union Pacific Railroad Company. The Company is a Class I railroad operating in the United States, which has 31,974 route miles and maintains coordinated schedules with other rail carriers to move freight. It links 23 states in the western two-thirds of the country by rail, providing a supply chain link around the world. Its business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal. The Company serves United States population centers, operates from West Coast and Gulf Coast ports to eastern gateways, connects with Canadas rail systems and serves six Mexico gateways. The Companys freight traffic consists of bulk, manifest, and premium business.