Chicago Bridge & Iron Company N.V. June 15th Short Interest Update

Chicago Bridge & Iron Company N.V. (NYSE:CBI), A reduction of 875,702 shares or 10.3% was observed in the short interest of Chicago Bridge & Iron Nv The interest on June 15,2016 came in at 7,641,802 shares and as per the average daily trading of 1,123,799 shares, the days to cover are 7. The reduced interest is 7.4% of the floated shares. The data of May 31,2016 put the interest at 8,517,504 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Chicago Bridge & Iron Company N.V. (NYSE:CBI): The stock opened at $35.08 on Friday but the bulls could not build on the opening and the stock topped out at $35.45 for the day. The stock traded down to $34.06 during the day, due to lack of any buying support eventually closed down at $34.13 with a loss of -7.46% for the day. The stock had closed at $36.88 on the previous day. The total traded volume was 2,476,760 shares.

The company shares have dropped -31.23% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $53.73 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $37.15 and the 200 Day Moving Average price is recorded at $36.79.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) has tumbled 5.87% during the past week and has dropped 9.78% 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 4.31%. Chicago Bridge & Iron Company N.V. (NYSE:CBI) has underperformed the index by 7.05% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Chicago Bridge and Iron Company N.V. (CBandI) provides a range of services to customers in the energy infrastructure market across the world. The Company also provides various Government services. CBandI operates through four segments: Engineering, Construction and Maintenance, which provides engineering, procurement and construction (EPC) services for energy infrastructure facilities, as well as integrated maintenance services; Fabrication Services, which provides fabrication of piping systems, process and nuclear modules; fabrication and erection of steel plate structures, and manufacturing and distribution of pipe and fittings for various industries, such as oil and gas, mining, mineral processing and power generation; Technology, which provides licensed process technologies, catalysts and engineered products, and offers process planning and project development services, and Environmental Solutions, which provides environmental services for Government and private sector customers.

Leave a Reply

Get Pre-Market Alerts!

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