Harsco Corporation June 15th Short Interest Update

Harsco Corporation (NYSE:HSC) has witnessed a drop of 20.2% or 331,542 shares in its short figure. The short interest diminution took it from 1,640,413 on May 31,2016 to 1,308,871 on June 15,2016. In terms of floated shares, the short interest was calculated to be 1.6%. The days to cover are 2 given that the daily volume averaged 692,703 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Harsco Corporation (NYSE:HSC): The stock opened at $6.59 on Friday but the bulls could not build on the opening and the stock topped out at $6.69 for the day. The stock traded down to $6.27 during the day, due to lack of any buying support eventually closed down at $6.50 with a loss of -7.01% for the day. The stock had closed at $6.99 on the previous day. The total traded volume was 3,051,348 shares.

The company shares have dropped -59.53% from its 1 Year high price. On Jul 2, 2015, the shares registered one year high at $18.00 and the one year low was seen on Mar 2, 2016. The 50-Day Moving Average price is $6.58 and the 200 Day Moving Average price is recorded at $6.42.

Harsco Corporation (NYSE:HSC) has tumbled 5.25% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.88% in the last four weeks. The stocks have underperformed the S&P 500 by 3.68% during the past week but Harsco Corporation (NYSE:HSC) it has outperformed the index in 4 weeks by 4.96%.

Harsco Corporation is a provider of industrial services and engineered products serving global industries. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. Harsco Metals & Minerals segment is a provider of on-site, outsourced services to the global metals industries. Harsco Industrial segment includes the Harsco Industrial IKG, Harsco Industrial Air-X-Changers and Harsco Industrial Patterson-Kelley businesses. Harsco Rail segment is a provider of equipment and services for the maintenance, repair and construction of railway track. The Companys principal lines of business include outsourced, on-site services of material logistics and resource recovery for iron, steel and metals manufacturing; air-cooled heat exchangers; industrial grating products; heat transfer products, and railway track maintenance services and equipment.

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