Hillenbrand, Inc. (NYSE:HI – Get Free Report) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 1,800,000 shares, an increase of 5.3% from the May 15th total of 1,710,000 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average trading volume of 304,100 shares, the days-to-cover ratio is currently 5.9 days.
Insider Buying and Selling
In related news, VP Leo Kulmaczewski acquired 900 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were purchased at an average price of $42.10 per share, for a total transaction of $37,890.00. Following the completion of the acquisition, the vice president now owns 1,886 shares of the company’s stock, valued at $79,400.60. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other…
