Chemtura (CHMT) : Traders are negative on Chemtura (CHMT), as it has 1.6% of short positions outstanding compared to its float. The total shorts have reduced by -69,679 shares, which is a -6.5% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,1,077,897 to 1,008,218 shares. While the daily trading volume of the stock is 424,966, there are 2 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Chemtura (NYSE:CHMT): The stock opened at $31.18 on Wednesday but the bulls could not build on the opening and the stock topped out at $31.18 for the day. The stock traded down to $29.75 during the day, due to lack of any buying support eventually closed down at $30.15 with a loss of -3.86% for the day. The stock had closed at $31.36 on the previous day. The total traded volume was 1,183,802 shares.
In a related news, Puri Dalip, officer (VP and Treasurer) of Chemtura Corp, unloaded 900 shares at an average price of $31.55 on August 16, 2016. The total amount of the transaction was worth $28,395, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Chemtura Corporation (Chemtura) is a global developer, manufacturer and marketer of engineered industrial specialty chemicals. The Companys products are sold to industrial manufacturing customers for use as additives, ingredients or intermediates that add value to their end products. The Company operates in two segments: Industrial Performance Products and Industrial Engineered Products. Its Industrial Performance Products segment is a global manufacturer and marketer of lubricant additive components, synthetic lubricant base-stocks, synthetic finished fluids, calcium sulfonate specialty greases and phosphate and polyester-based fluids, and also engaged in the development and production of hot cast elastomer pre-polymers. Its Industrial Engineered Products segment is a global developer and manufacturer of bromine and bromine-based products and organometallic compounds. Its operations are located in North America, Latin America, Europe and Asia.