Albemarle Corporation June 15th Short Interest Update

Albemarle Corporation (NYSE:ALB) stated loss of 899,586 shares or 13.3% in the short interest. The short interest registered from 6,775,135 on May 31,2016 to 5,875,549 on June 15,2016. In terms of floated shares, the shorted positions stood at 5.3%. The stock has been averaging 1,097,070 shares daily in trading and would need 5 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Albemarle Corporation (NYSE:ALB): The stock opened at $81.27 on Friday but the bulls could not build on the opening and the stock topped out at $82.46 for the day. The stock traded down to $78.60 during the day, due to lack of any buying support eventually closed down at $78.98 with a loss of -6.42% for the day. The stock had closed at $84.40 on the previous day. The total traded volume was 2,465,365 shares.

The company shares have rallied 40.43% from its 1 Year high price. On Jun 17, 2016, the shares registered one year high at $84.99 and the one year low was seen on Sep 14, 2015. The 50-Day Moving Average price is $78.21 and the 200 Day Moving Average price is recorded at $62.52.

Albemarle Corporation (NYSE:ALB) has tumbled 4.61% during the past week and has dropped 1.39% in the last 4 week period. The stocks have underperformed the S&P 500 by 3.03% during the past week but Albemarle Corporation (NYSE:ALB) it has outperformed the index in 4 weeks by 1.6%.

Albemarle Corporation (Albemarle) is a developer, manufacturer and marketer of specialty chemicals across a range of end markets, including the petroleum refining, consumer electronics, plastics/packaging, construction, automotive, lubricants, pharmaceuticals, crop protection, food-safety and custom chemistry services markets. The Company operates through two segments: Performance Chemicals and Catalyst Solutions. As of December 31, 2014, the Performance Chemicals segment includes the Fire Safety Solutions, Specialty Chemicals and Fine Chemistry Services product categories. As of December 31, 2014, the Catalyst Solutions segment includes the Refinery Catalyst Solutions and Performance Catalyst Solutions product categories.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.