Beacon Roofing Supply June 15th Short Interest Update

Beacon Roofing Supply (NASDAQ:BECN), According to the latest information the short interest in Beacon Roofing Supply, Inc. shot up by 1% or 29,821 shares. The final shorts are 5.3% of the total floated shares. The positions increased from 3,138,650 shares on May 31,2016 to 3,168,471 on June 15,2016. According to the per-day average trading of 620,107 shares, the days to cover are 5. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Beacon Roofing Supply (NASDAQ:BECN): The stock opened at $43.88 on Friday but the bulls could not build on the opening and the stock topped out at $44.93 for the day. The stock traded down to $43.00 during the day, due to lack of any buying support eventually closed down at $43.91 with a loss of -3.64% for the day. The stock had closed at $45.57 on the previous day. The total traded volume was 2,982,376 shares.

The company shares have rallied 32.62% from its 1 Year high price. On May 3, 2016, the shares registered one year high at $45.72 and the one year low was seen on Jul 24, 2015. The 50-Day Moving Average price is $42.91 and the 200 Day Moving Average price is recorded at $40.58.

Beacon Roofing Supply (NASDAQ:BECN) has climbed 1.25% in the past week and advanced 1.81% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.93% and the outperformance has advanced to 4.89% for the last 4 weeks period.

Beacon Roofing Supply, Inc. is engaged in distributing residential and non-residential roofing materials in the United States and Canada. The Company also distributes other complementary building materials, including siding, windows, specialty lumber products and waterproofing systems for residential and nonresidential building exteriors. As of September 30, 2013, the Company operated 236 branches in 39 states and six Canadian provinces, carrying up to 11,000 stock keeping units (SKUs). It is a distributor of roofing materials in metropolitan markets in the Northeast, Mid-Atlantic, Midwest, Central Plains, West, South and Southwest regions of the United States and across Canada. The Companys customer base consists of more than 47,000 contractors, home builders, building owners, and other resellers primarily in the Northeast, Mid-Atlantic, Midwest, Central Plains, West, South and Southwest regions of the United States and across Canada.

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