RPM International (RPM) : Traders are negative on RPM International (RPM), as it has 2% of short positions outstanding compared to its float. The total shorts have reduced by -218,467 shares, which is a -7.8% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,2,795,187 to 2,576,720 shares. While the daily trading volume of the stock is 458,475, there are 6 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.
RPM International (NYSE:RPM): The stock opened at $54.83 on Wednesday but the bulls could not build on the opening and the stock topped out at $54.86 for the day. The stock traded down to $54.49 during the day, due to lack of any buying support eventually closed down at $54.68 with a loss of -0.40% for the day. The stock had closed at $54.90 on the previous day. The total traded volume was 341,122 shares.
In a related news, The officer (VP Investor Relations), of Rpm International Inc/De/, Slifstein Barry had unloaded 1,000 shares at $54.27 per share in a transaction on August 18, 2016. The total value of transaction was $54,270. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
RPM International Inc., through its subsidiaries, manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives. The Company operates through two segments, which include industrial segment and consumer segment. Its industrial segment products are sold throughout North America. Its industrial product lines are sold directly to contractors, distributors and end users. The Companys consumer segment manufactures and markets professional use and do-it-yourself (DIY) products for a range of consumer applications, including home improvement and personal leisure activities. Its family of products includes those marketed under brand names, such as API, Carboline, CAVE, DAP, Day-Glo, Dri-Eaz, Dryvit, Euclid, EUCO, Fibergrate, Flecto, Flowcrete, Grupo PV, Hummervoll, illbruck, Mohawk, Rust-Oleum, Stonhard, TCI, Toxement, Tremco, Tuf-Strand, Universal Sealants, Viapol, Watco and Zinsser.