Waste Management (NYSE:WM) has seen a shortfall of 240,132 shares or 4.3% in the short interest. The remaining shorts are 1.2% of the total floated shares. The net short interest, as on June 15,2016, stood at 5,318,762 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 1,551,175 shares. On May 31,2016, 5,558,894 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Waste Management (NYSE:WM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $61.97 and $61.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.70, notching a gain of 0.39% for the day. The total traded volume was 6,874,073 . The stock had closed at $63.45 on the previous day.
The company shares have rallied 37.43% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $64.00 and the one year low was seen on Jul 6, 2015. The 50-Day Moving Average price is $61.80 and the 200 Day Moving Average price is recorded at $57.08.
Waste Management (NYSE:WM) has climbed 1.68% in the past week and advanced 3.86% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.36% and the outperformance has advanced to 7.01% for the last 4 weeks period.
Waste Management, Inc. is a holding company. The Company, through its subsidiaries, provides waste management environmental services. The Companys Solid Waste business is operated and managed locally by its subsidiaries that focus on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services. The Company develops, operates and owns landfill gas-to-energy facilities in the United States. The Companys segments include Tier 1, which comprises areas in the Southern United States; Tier 2, which comprises areas located in the Midwest and Northeast United States, and Tier 3, which encompasses the remaining areas, including the Northwest and Mid-Atlantic regions of the United States and Eastern Canada. The Company owns or operates 252 landfill sites. It manages 298 transfer stations that consolidate, compact and transport waste.