Darling Ingredients (NYSE:DAR) reported a drop of 7.3% or 308,270 shares in its short interest. The short figure came in at 2.4% of the total floats. The average daily volume of 1,391,452 shares suggests that the days to cover 3,933,864 short positions, as on June 15,2016, will be 3. On May 31,2016, the short interest was 4,242,134 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Darling Ingredients (NYSE:DAR): The stock opened at $14.50 on Friday but the bulls could not build on the opening and the stock topped out at $14.58 for the day. The stock traded down to $14.04 during the day, due to lack of any buying support eventually closed down at $14.10 with a loss of -6.75% for the day. The stock had closed at $15.12 on the previous day. The total traded volume was 4,068,053 shares.
The company shares have dropped -3.03% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $15.93 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $14.96 and the 200 Day Moving Average price is recorded at $12.01.
Darling Ingredients (NYSE:DAR) has tumbled 6.19% during the past week and has dropped 6.37% 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 4.63%. Darling Ingredients (NYSE:DAR) has underperformed the index by 3.54% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Darling Ingredients Inc., formerly Darling International Inc., is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients. The Company offers a range of ingredients and specialty solutions for customers in the food, pet food, pharmaceutical, feed, fuel, bioenergy and fertilizer industries. The Company operates in three segments: Feed Ingredients, which includes the edible and inedible animal by-products, bakery and hides business lines; Food Ingredients, which includes the gelatin, casings and edible fats business lines, and Fuel Ingredients, which includes the biofuel and bioenergy business lines. It recycles animal by-product streams into useable and specialty ingredients, such as gelatin, tallow, feed-grade fats, meat and bone meal, poultry meal, yellow grease, fuel feed stocks, green energy, natural casings and hides. The Company also recovers and converts used cooking oil and commercial bakery residuals into feed and fuel ingredients.