Louisiana-Pacific Corporation June 15th Short Interest Update

Louisiana-Pacific Corporation (NYSE:LPX), A reduction of 235,569 shares or 2.4% was observed in the short interest of Louisiana Pacific The interest on June 15,2016 came in at 9,530,661 shares and as per the average daily trading of 1,636,023 shares, the days to cover are 6. The reduced interest is 6.7% of the floated shares. The data of May 31,2016 put the interest at 9,766,230 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Louisiana-Pacific Corporation (NYSE:LPX): The stock opened at $16.66 on Friday but the bulls could not build on the opening and the stock topped out at $17.09 for the day. The stock traded down to $16.65 during the day, due to lack of any buying support eventually closed down at $16.79 with a loss of -4.06% for the day. The stock had closed at $17.50 on the previous day. The total traded volume was 2,261,238 shares.

The company shares have rallied 0.12% from its 1 Year high price. On Dec 29, 2015, the shares registered one year high at $18.97 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $17.81 and the 200 Day Moving Average price is recorded at $16.83.

Louisiana-Pacific Corporation (NYSE:LPX) has tumbled 0.77% during the past week and has dropped 7.49% in the last 4 week period. The company has outperformed the S&P 500 by 0.88% in the past week but underperformed the index by 4.69% in the last 4 weeks.

Louisiana-Pacific Corporation is a manufacturer of building products. The Companys products are used in new home construction, repair and remodeling, and outdoor structures. The Company operates in four segments: North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America. The OSB segment manufactures and distributes OSB structural panel products. The Siding segment offers two categories of products, which include SmartSide siding products and related accessories; and CanExel siding and accessories and other related products. The EWP segment manufactures and distributes laminated veneer lumber (LVL), I-Joists, laminated strand lumber (LSL) and other related products. The South American segment manufactures and distributes OSB and siding products in South America and certain export markets. Its other products category includes its remaining timber and timberlands, and other products, services and closed operations.

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