Ball Corporation (NYSE:BLL) has witnessed a rise of 9.4% or 1,408,033 shares in its short figure. The short interest augmentation took it from 14,994,615 on May 31,2016 to 16,402,648 on June 15,2016. In terms of floated shares, the short interest was calculated to be 12.4%. The days to cover are 12 given that the daily volume averaged 1,336,441 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Ball Corporation (NYSE:BLL): The stock opened at $70.52 on Friday but the bulls could not build on the opening and the stock topped out at $71.80 for the day. The stock traded down to $69.27 during the day, due to lack of any buying support eventually closed down at $69.41 with a loss of -5.60% for the day. The stock had closed at $73.53 on the previous day. The total traded volume was 3,088,435 shares.
The company shares have dropped -2.40% from its 1 Year high price. On Apr 25, 2016, the shares registered one year high at $76.69 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $72.42 and the 200 Day Moving Average price is recorded at $70.44.
Ball Corporation (NYSE:BLL) has tumbled 2.87% during the past week and has dropped 3.96% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.26%. Ball Corporation (NYSE:BLL) has underperformed the index by 1.05% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Ball Corporation (Ball) is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company operates in four segments. The metal beverage packaging, Americas and Asia segment consists of operations in the United States, Canada, Brazil and the PRC, which manufacture aluminum containers used in beverage packaging. . The metal beverage packaging, Europe segment consists of operations in Europe, which manufacture and sell metal beverage containers. The metal food and household products packaging segment consists of operations in the United States, Europe, Canada, Mexico and Argentina that manufacture and sell metal food, aerosol, paint, general line and extruded aluminum containers, decorative specialty containers and aluminum slugs. The aerospace and technologies segment consists of the manufacture and sale of aerospace and other related products and services provided for the defense, civil space and commercial space industries.