Rand Logistics, Inc. (NASDAQ:RLOG) Traded 12.6% Above Its 50 Day Moving Average


Shares are trading at $0.35 impressively higher than the 50 day moving average of $0.31 and which is quite a bit lower than the 200 day moving average of $0.42. The 50 day moving average was up $0.04 whereas the 200 day moving average was down $-0.07 or -16.6582%. 3,607 shares changed hands by the end of trading on Tuesday. Overall, volume was down 88.39% under the stocks normal daily volume.

Short traders are feeling a little more bullish on the company lately if you watch the motion in short interest. The company realized a fall in short interest between September 15, 2017 and September 29, 2017 of -30.36%. Short interest decreased from 861,937 to 600,261 over that timeframe. Days to cover decreased from 2.0 to 1.0 and the percentage of shorted shares was 0.03% on September 29.

Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Blackrock Inc. had sold 1,625 shares trimming its position 24.4%. The value of the investment in (RLOG) went from $4,000 to $2,000 a change of $2,000 for the reporting period. Citadel Advisors LLC reduced its holdings by shedding 14,905 shares a decrease of 48.3% from 12/31/2016 to 06/30/2017. Citadel Advisors LLC owns 15,973 shares valued at $6,000. The value of the position overall is down by 76.9%.

As of quarter end Creative Planning had acquired a total of 1,000 shares growing its stake by 25.0%. The value of the investment in RLOG decreased from $3,000 to $2,000 decreasing 33.3% quarter to quarter. Kcg Holdings, Inc. divested its stake by selling 148 shares a decrease of 1.2%. Kcg Holdings, Inc. now holds 12,262 shares with a value of $5,000. The total value of its holdings decreased 37.5%.

Rand Logistics, Inc., launched on June 2, 2004, is a shipping company that, through its operating subsidiaries, is involved in the operation of bulk carriers on the Great Lakes. The Business’s shipping business is operated in Canada by Lower Lakes Towing Ltd. (Lower Lakes Towing) and in the United States by Lower Lakes Transportation Company (Lower Lakes Transportation). The Company transports construction aggregates, salt, grain, coal, iron ore, and other dry bulk commodities for customers in the construction, electric utility, food, and integrated steel industries. Lower Lakes’ fleet consists of approximately six self-unloading bulk carriers and over four conventional bulk carriers in Canada and approximately six self-unloading bulk carriers in the United States, including over three articulated tug and barge units. Lower Lakes Towing owns approximately nine Canadian vessels and Lower Lakes Towing (17) Ltd. (Lower Lakes (17)) owns the tenth Canadian vessel. Lower Lakes Transportation time charters approximately six the United States vessels, including the three tug and barge units, from Grand River Navigation Company, Inc. (Grand River). With the exception of two of the articulated tug and barge units, Grand River owns the vessels that it time charters to Lower Lakes Transportation..