360° Coverage : Short Interest In Dover Falls 22%

2 Updates

Short Interest In Dover Falls 22%

Dec 26 2013, 10:39am CST | by

The most recent short interest data has been released by the NASDAQ for the 12/13/2013 settlement date, which shows a 849,017 share decrease in total short interest for Dover Corp (NYSE: DOV), to 3,...

Filed under: news

 
 
 

35 weeks ago

Short Interest In Dover Falls 22%

Dec 26 2013, 10:39am CST | by

The most recent short interest data has been released by the NASDAQ for the 12/13/2013 settlement date, which shows a 849,017 share decrease in total short interest for Dover Corp (NYSE: DOV), to 3,009,849, a decrease of 22.00% since 11/29/2013. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the “days to cover” metric because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. Average daily volume for DOV at the 12/13/2013 settlement increased to 1,045,113, as compared to 627,202 at the 11/29/2013 report. That brought “days to cover” down to 2.88, a 53.19% decrease from the 6.15 days to cover calculated at the previous short interest data release.

Start slideshow:
Top 25 S.A.F.E. Dividend Stocks »/>

The below chart shows the historical “days to cover” for DOV at previous short interest release dates:

A decreased “days to cover” value could indicate that short sellers are no longer expecting the same decline in stock price they once were, or it could also indicate a long bet elsewhere was closed where DOV had been shorted as a hedge.

The chart below shows the one year performance of DOV shares, versus its 200 day moving average. Looking at this chart, DOV’s low point in its 52 week range is $64.20 per share, with $95.98 as the 52 week high point — that compares with a last trade of $95.97.

According to the ETF Finder at ETFChannel.com, DOV makes up 2.60% of the Dynamic Industrials Sector Portfolio ETF (PRN) which is higher by about 0.6% on the day Thursday.

See what other ETFs contain one »
In afternoon trading Thursday, DOV was up about 0.5% on the day./>

Source: Forbes Business

 
Update
2

3 days ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing the workforce of 20,000 by 30 per ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

4 days ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of MH ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Experiential purchases more satisfying than material ones
New York, Sep 2 (IANS) Spending money doing things or buying experiences makes people feel a lot more happier than spending money on material things, a study says.
 
 
Eat fruits daily for healthy heart
London, Sep 2 (IANS) Daily fruit consumption cuts the overall risk of death by 32 percent and cardio-vascular diseases (CVDs) by up to 40 percent, a study shows.
 
 
NASA building traffic control system for drones
New York, Sep 2 (IANS) NASA is developing a drone traffic management programme that would work as a separate air traffic control system for drones flying low to the ground at 400 to 500 feet.
 
 
App that enhances smartphone battery life
New York, Sep 2 (IANS) Are you frustrated by the limited battery life of your smartphone? No need to fret any longer as a US professor has created a free app called Estar that reveals how certain apps drain a smartphone battery faster.
 
 
 

Latest from the Network

Eight policemen killed in Egypt explosion
Cairo, Sep 2 (IANS) At least eight policemen were killed and four injured Tuesday in an explosion in Egypt's Sinai region, a security official said. The blast occurred when a police vehicle went over a planted...
Read more on Politics Balla
 
Coach Orenga content with Spain's basketball World Cup performance
Madrid, Sep 2 (IANS) Spanish basketball coach Juan Antonio Orenga said he was happy with his team's performance in the FIBA World Cup till date and was all praise for veteran Pau Gasol, who has been a star for the team...
Read more on Sport Balla
 
Hateful content on Facebook bad for your brain
London, Sep 2 (IANS) Are you exposed to reading homophobic, racist, misogynistic or other hateful content on Facebook? It may have a harmful effect on your brain in the long run. According to a recent Italian study,...
Read more on Celebrity Balla
 
Two policemen killed in Afghan suicide attack
Kabul, Sep 2 (IANS) At least two policemen were killed and two others injured Tuesday in a suicide car bomb attack in Afghanistan's Nangarhar province, an official said. "The attack took place in Ghani Khil district...
Read more on Politics Balla
 
Rihanna pays £6k for nail technician
Rihanna has paid £6,000 for a manicure. The 'Rude Boy' singer, who is currently enjoying some time off from her busy schedule on her luxury yacht in the Mediterranean, flew out A-list nail technician Jenny Longworth to...
Read more on Celebrity Balla
 
Kelly Brook: Simon Cowell thought I was a singer
Kelly Brook says Simon Cowell didn't know who she was when she was asked to appear on 'Britain's Got Talent'. The 34-year-old beauty starred as judge on the show in 2009, before she was unceremoniously dumped by the '...
Read more on Celebrity Balla
 
Cee Lo Green tweets controversial rape views
Cee Lo Green has deleted his Twitter account after allegedly tweeting some controversial views on rape. According to an article on BuzzFeed, the 39-year-old singer posted several comments about the subject on his...
Read more on Celebrity Balla
 
Ariana Grande hits out at nude photo leak
Ariana Grande insists reported nude pictures of her are fake - because her bottom is ''a lot cuter'' in real life. The 'Problem' hitmaker took to her Twitter account this morning (02.09.14) to address rumors that a...
Read more on Celebrity Balla
 
Ryan Fletcher opens up about Ashley Roberts romance
Lawson's Ryan Fletcher has opened up about his romance with Ashley Roberts. The bassist has confirmed that he's dating the former Pussycat Dolls singer - who was previously romantically linked with TV presenter Declan...
Read more on Celebrity Balla
 
Kanye West avoided dress disaster before wedding
Kanye West avoided a bridesmaid disaster before his wedding to Kim Kardashian. The rapper became a hero before he had even tied the knot with the brunette beauty at their May nuptials when he stepped in at the last...
Read more on Celebrity Balla