Mar 7, 2016

Posted by in Stock Reports | 0 Comments

What Large-Cap Stocks Show Big Move In Short Interest? – Air Products and Chemicals, Inc. (APD), The Clorox Company (CLX), Whirlpool Corp. (WHR)

What Large-Cap Stocks Show Big Move In Short Interest? – Air Products and Chemicals, Inc. (APD), The Clorox Company (CLX), Whirlpool Corp. (WHR)

A stock with a high days to cover value compared to its peers would be considered to have a higher level of short interest as compared to those peers. This could mean short sellers are using the stock to hedge a long bet elsewhere, or could also mean that short sellers believe the price of the stock will decline. When short sellers eventually cover their positions, by definition there must be buying activity because a share that is currently sold short must be purchased to be covered. So investors tend to keep an eye on that days to cover metric, because a high value could predict a sharper price increase should the company put out some unexpectedly good news — short sellers might rush to cover positions, and if the days to cover number is high, it is more difficult to close those positions without sending the stock higher until the higher price produces enough sellers to generate the necessary volume.

As of 12/02/2016 short interest for Air Products and Chemicals, Inc. (APD) stood at 4177872 shares, an increase of 663427 shares or 15.88 percent compared to 3514445 shares on 29/01/2016. This short interest comprises 2 percent of the entire float. Short interest ratio now stands at 1.74 at the average volume of 2405335 shares.

According to the latest short-interest data for the two-week period ended 12/02/2016 short interest for the stock of The Clorox Company (CLX) increased from 5877376 shares at the end of the settlement date of 29/01/2016 to 5898222 shares, marking a growth of 20846 shares or 0.35 percent. The current short interest accounts for 4.56 percent of the company’s total outstanding common shares and the days-to-cover short interest ratio, on the other hand, is 3.282946 as of 12/02/2016 assuming average daily trading volume of 1796625 shares.

Short interest for the shares of Whirlpool Corp. (WHR) rose 9.21 percent from 3450424 shares on 29/01/2016 to 3800433 shares on 12/02/2016. Investors have taken short positions on 5 percent of the total common shares of the stock that are floating on the exchange. The days-to-cover short interest ratio is now at 3.052817 days. It is based on average daily trading volume of 1244894 shares.

 

 

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