Commercial Metals Company June 15th Short Interest Update

Commercial Metals Company (NYSE:CMC) has shown a drop of 2.8% or 424,491 shares in the short positions. The bets have increased to 14,488,173 shares on June 15,2016 from 14,912,664 shares on May 31,2016. With respect to the floated shares, the shorts are 12.8%. The days to cover are calculated to be 10, using the standard per day volume of 1,494,925 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Commercial Metals Company (NYSE:CMC): The stock opened at $15.70 on Friday but the bulls could not build on the opening and the stock topped out at $16.56 for the day. The stock traded down to $15.67 during the day, due to lack of any buying support eventually closed down at $15.94 with a loss of -3.69% for the day. The stock had closed at $16.55 on the previous day. The total traded volume was 3,396,394 shares.

The company shares have dropped -5.29% from its 1 Year high price. On Apr 21, 2016, the shares registered one year high at $18.50 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $17.12 and the 200 Day Moving Average price is recorded at $15.73.

Commercial Metals Company (NYSE:CMC) has tumbled 6.18% during the past week and has dropped 7.38% 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 4.62%. Commercial Metals Company (NYSE:CMC) has underperformed the index by 4.58% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Commercial Metals Company (CMC) manufactures, recycles and markets steel and metal products, related materials and services. CMC has a network of steel mills (minimills), steel fabrication and processing facilities, warehouses, metal recycling facilities. It has five business segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. The Americas Recycling segment processes scrap metals. The Americas Mills segment includes five steel minimills; two scrap metal shredders, and 10 scrap metal processing facilities. The Americas Fabrication segment consists of CMCs steel fabrication facilities. The International Mill segment comprises CMCs mill, recycling and fabrication operations located in Poland. International Marketing and Distribution segment includes international operations for the sales, distribution and processing of steel products, ferrous and nonferrous metals, and other industrial products.

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