PPG Industries (NYSE:PPG) has seen a rise of 345,501 shares or 11.1% in the short interest. The remaining shorts are 1.3% of the total floated shares. The net short interest, as on June 15,2016, stood at 3,452,929 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 1,340,643 shares. On May 31,2016, 3,107,428 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
PPG Industries (NYSE:PPG): The stock opened at $108.09 on Friday but the bulls could not build on the opening and the stock topped out at $108.09 for the day. The stock traded down to $102.21 during the day, due to lack of any buying support eventually closed down at $102.73 with a loss of -7.63% for the day. The stock had closed at $111.22 on the previous day. The total traded volume was 3,821,510 shares.
The company shares have dropped -10.65% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $118.27 and the one year low was seen on Oct 1, 2015. The 50-Day Moving Average price is $107.75 and the 200 Day Moving Average price is recorded at $103.43.
PPG Industries (NYSE:PPG) has tumbled 5.04% during the past week and has dropped 5.41% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.46%. PPG Industries (NYSE:PPG) has underperformed the index by 2.54% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
PPG Industries, Inc. (PPG) manufactures and distributes a range of coatings, optical and specialty materials and glass products. The Company operates business through three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish, aerospace, architectural coatings-Americas and Asia Pacific, architectural coatings-EMEA, and protective and marine coatings operating businesses. It primarily supplies a range of protective and decorative coatings, sealants and finishes along with paint strippers, stains and related chemicals. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM) coatings, industrial coatings, packaging coatings, and the specialty coatings and materials operating businesses. The Glass segment consists of the flat glass and fiber glass businesses. It supplies flat glass and continuous-strand fiber glass products.