Short Interest Update on Granite Construction Incorporated (GVA)

Granite Construction Incorporated (GVA) : Traders are increasing their bearish positions on the stock, as is visible by the 11.4% jump in the outstanding short positions; a total addition of 215,950 shares on the sell side. On Jul 29, 2016, the total short positions were 1,889,272 shares, which went up to 2,105,222 shares by the close of trading on August 15, 2016. It will take 8 days for the bears to roll over or cover. An average of 271,984 shares exchange hands daily. 5.4% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.

Granite Construction Incorporated (NYSE:GVA): The stock opened at $48.78 on Wednesday but the bulls could not build on the opening and the stock topped out at $48.91 for the day. The stock traded down to $48.33 during the day, due to lack of any buying support eventually closed down at $48.65 with a loss of -0.25% for the day. The stock had closed at $48.77 on the previous day. The total traded volume was 132,805 shares.


In a related news,The director of Granite Construction Inc, Kelsey David H sold 1,113 shares at $51.09 on August 9, 2016. The Insider selling transaction had a total value worth of $56,863. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Granite Construction Incorporated (Granite) is a heavy civil contractors and construction materials producer in the United States. The Company operates through segments, including Construction, Large Project Construction and Construction Materials. The Company operates across the nation, serving both public and private sector clients. Within the public sector, it concentrates on heavy-civil infrastructure projects, including the construction of streets, roads, highways, mass transit facilities, airport infrastructure, bridges, trenchless and underground utilities, power-related facilities, utilities, tunnels, dams and other infrastructure-related projects. Within the private sector, the Company offers site preparation and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities, as well as provides construction management professional services.

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