Ferro Corporation (NYSE:FOE) stated loss of 256,633 shares or 14.9% in the short interest. The short interest registered from 1,717,475 on May 31,2016 to 1,460,842 on June 15,2016. In terms of floated shares, the shorted positions stood at 1.8%. The stock has been averaging 435,134 shares daily in trading and would need 3 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Ferro Corporation (NYSE:FOE): The stock opened at $13.42 on Friday but the bulls could not build on the opening and the stock topped out at $14.03 for the day. The stock traded down to $13.33 during the day, due to lack of any buying support eventually closed down at $13.70 with a loss of -5.45% for the day. The stock had closed at $14.49 on the previous day. The total traded volume was 3,304,997 shares.
The company shares have dropped -17.22% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $17.07 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $14.07 and the 200 Day Moving Average price is recorded at $11.59.
Ferro Corporation (NYSE:FOE) has tumbled 5.52% during the past week and has dropped 3.04% 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 3.95%. Ferro Corporation (NYSE:FOE) has underperformed the index by 0.11% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Ferro Corporation (Ferro) produces performance materials for a range of manufacturers in diversified industries throughout the world. The Company uses inorganic and organic chemical processes, polymer science and materials science to develop and produce these performance materials. It operates, approximately 33 facilities around the world that manufacture performance materials and performance chemicals. The Companys performance materials include frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, specialty dielectrics, electronic glasses, and other specialty coatings. Ferro operates through four segments: Tile Coating Systems, Porcelain Enamel, Performance Colors and Glass, and Pigments, Powders and Oxides. Ferros products are used in a variety of product applications in markets including appliances, household furnishings, automobiles, industrial products, building and renovation, and packaging.