KapStone Paper and Packaging Corporation (NYSE:KS), A rise of 132,714 shares or 2.8% was seen in the short interest of KapStone Paper and Pack Corp.. Even as the interest increased from 4,700,473 shares on May 31,2016 to 4,833,187 shares on June 15,2016, the days to cover came in at 5. The updated interest stood at 5.7% of the stocks floats. The stock has seen an average daily volume of 1,061,300 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
KapStone Paper and Packaging Corporation (NYSE:KS): The stock opened at $14.40 on Friday but the bulls could not build on the opening and the stock topped out at $14.88 for the day. The stock traded down to $13.82 during the day, due to lack of any buying support eventually closed down at $13.88 with a loss of -10.51% for the day. The stock had closed at $15.51 on the previous day. The total traded volume was 3,463,672 shares.
The company shares have dropped -41.01% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $25.20 and the one year low was seen on Feb 24, 2016. The 50-Day Moving Average price is $15.16 and the 200 Day Moving Average price is recorded at $15.25.
KapStone Paper and Packaging Corporation (NYSE:KS) has tumbled 9.22% during the past week and has dropped 8.98% 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 7.72%. KapStone Paper and Packaging Corporation (NYSE:KS) has underperformed the index by 6.23% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
KapStone Paper and Packaging Corporation is engaged in manufacture and sale of containerboard, corrugated products and specialty paper for industrial and consumer markets. Containerboard, consisting of linerboard and corrugated medium, is used to manufacture corrugated containers for packaging products. The Company produces three general categories of kraft paper: Multiwall paper; Specialty products and Lightweight paper. Specialty products are also used to produce shingle wrap, end caps, roll wrap, pet food, cement and chemicals, grocery bags and dunnage bags. The Companys specialty paper products are manufactured for a variety of converters, including laminators, coaters, insulation manufacturers, agricultural product processors and food product packaging producers. As of December 31, 2014, the Company operated 21 corrugated products manufacturing plants. The Company also has multi-color printing capabilities to make graphics boxes and display.