Short Interest Update on TopBuild (BLD)

TopBuild (BLD) : The short interest in TopBuild (BLD) has changed with an increase of 34,948 shares and the open interest is 2.6%. From 1,341,534 short positions on Jul 29, 2016, the shorts increased to 1,376,482 shares by August 15, 2016. There are 4 more days left for the expiry and the daily trading volume of the stock is 359,363 shares. The total interest of shorts is 3.6% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.

TopBuild (NYSE:BLD): The stock opened at $34.19 on Wednesday but the bulls could not build on the opening and the stock topped out at $34.24 for the day. The stock traded down to $33.79 during the day, due to lack of any buying support eventually closed down at $34.03 with a loss of -0.82% for the day. The stock had closed at $34.31 on the previous day. The total traded volume was 278,189 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Topbuild Corp, Cantie Joseph S, had purchased 8,750 shares in a transaction dated on November 16, 2015. The transaction was executed at $28.56 per share with total amount equaling $249,900.

TopBuild Corp., formerly Masco SpinCo Corp., is an installer and distributor of insulation products to construction industry. The Company operates through two segments: Installation and Distribution. Its segments serve three lines of business: residential new construction, residential repair or remodel, and commercial construction. Its Installation segment provides installation services across the United States through its TruTeam Contractor Services business. The Installation segment includes the sale and installation of insulation and other building products through its network of over 190 branches located across 43 states in the United States. The Companys Distribution segment includes the distribution of insulation and other building products. The Distribution segments products include insulation, insulation accessories, rain gutters and roofing, among others. The Company has over 72 distribution centers located in approximately 35 states.

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