West Pharmaceutical Services (NYSE:WST) stated loss of 148,402 shares or 5% in the short interest. The short interest registered from 2,982,544 on May 31,2016 to 2,834,142 on June 15,2016. In terms of floated shares, the shorted positions stood at 4%. The stock has been averaging 314,260 shares daily in trading and would need 9 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
West Pharmaceutical Services (NYSE:WST): The stock opened at $72.48 on Friday but the bulls could not build on the opening and the stock topped out at $74.19 for the day. The stock traded down to $72.48 during the day, due to lack of any buying support eventually closed down at $72.85 with a loss of -3.84% for the day. The stock had closed at $75.76 on the previous day. The total traded volume was 6,119,905 shares.
The company shares have rallied 25.84% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $77.71 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $73.97 and the 200 Day Moving Average price is recorded at $65.81.
West Pharmaceutical Services (NYSE:WST) has tumbled 1.41% during the past week and has dropped 2.32% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.23% and the outperformance has advanced to 0.64% for the last 4 weeks period.
West Pharmaceutical Services, Inc. is a manufacturer of components and systems for the packaging and delivery of injectable drugs, as well as delivery system components for the pharmaceutical, healthcare and consumer products industries. The Companys products include stoppers and seals for vials, prefillable syringe components and systems, components for intravenous and blood collection systems, safety and administration systems, advanced injection systems, and contract design and manufacturing services. The Companys customers include producers of pharmaceuticals, biologics, medical devices and personal care products. The Companys reportable segments include Pharmaceutical Packaging Systems segment (Packaging Systems) and the Pharmaceutical Delivery Systems segment (Delivery Systems).