CaesarStone Sdot-Yam Ltd. June 15th Short Interest Update

CaesarStone Sdot-Yam Ltd. (NASDAQ:CSTE) has witnessed a rise of 38.8% or 654,672 shares in its short figure. The short interest augmentation took it from 1,688,603 on May 31,2016 to 2,343,275 on June 15,2016. In terms of floated shares, the short interest was calculated to be 9.9%. The days to cover are 6 given that the daily volume averaged 372,330 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

CaesarStone Sdot-Yam Ltd. (NASDAQ:CSTE): The stock opened at $34.51 on Friday but the bulls could not build on the opening and the stock topped out at $35.50 for the day. The stock traded down to $34.09 during the day, due to lack of any buying support eventually closed down at $34.17 with a loss of -6.18% for the day. The stock had closed at $36.42 on the previous day. The total traded volume was 3,445,125 shares.

The company shares have dropped -48.92% from its 1 Year high price. On Aug 3, 2015, the shares registered one year high at $72.01 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $37.39 and the 200 Day Moving Average price is recorded at $37.04.

CaesarStone Sdot-Yam Ltd. (NASDAQ:CSTE) has tumbled 5.4% during the past week and has dropped 10.97% 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 3.83%. CaesarStone Sdot-Yam Ltd. (NASDAQ:CSTE) has underperformed the index by 8.28% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Caesarstone Sdot-Yam Ltd. is a manufacturer of engineered quartz surfaces. The Company sells its products under its Caesarstone brand. The companys products consist of engineered quartz, which are installed as countertops in residential kitchens. Other applications of its products include vanity tops, wall panels, back splashes, floor tiles, stairs and other interior surfaces. Its engineered quartz slabs generally measure 120 inches long by 56 1/2 inches wide with a thickness of 1/2 of an inch, 3/4 of an inch or 1 1/4 inches. The company offers a spectrum of design options in the engineered quartz surface industry with different colors, textures and finishes. Its designs range from fine-grained patterns to coarse-grained color blends with a variegated visual texture. The companys products are manufactured at its two manufacturing facilities located in Kibbutz Sdot-Yam in central Israel and Bar-Lev Industrial Park in northern Israel.

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