Martin Marietta Materials June 15th Short Interest Update

Martin Marietta Materials (NYSE:MLM) stated loss of 617,586 shares or 14.7% in the short interest. The short interest registered from 4,196,850 on May 31,2016 to 3,579,264 on June 15,2016. In terms of floated shares, the shorted positions stood at 5.7%. The stock has been averaging 703,457 shares daily in trading and would need 5 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Martin Marietta Materials (NYSE:MLM): The stock opened at $182.30 on Friday but the bulls could not build on the opening and the stock topped out at $191.75 for the day. The stock traded down to $181.07 during the day, due to lack of any buying support eventually closed down at $187.92 with a loss of -0.02% for the day. The stock had closed at $187.95 on the previous day. The total traded volume was 2,310,191 shares.

The company shares have rallied 32.23% from its 1 Year high price. On May 25, 2016, the shares registered one year high at $193.87 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $186.46 and the 200 Day Moving Average price is recorded at $155.88.

Stocks of Martin Marietta Materials (NYSE:MLM) rallied by 2.83% during the past week but lost 2.04% on a 4-week basis. In the past week, the company has outperformed the S&P 500 by 4.54% and the outperformance has advanced to 0.93% for the last 4 weeks period.

Martin Marietta Materials, Inc. is a supplier of aggregates products (crushed stone, sand, and gravel) and heavy building materials (cement) for the construction industry, including infrastructure, non-residential, residential, railroad ballast, agricultural and chemical grade stone used in environmental applications. The Company operates through three businesses: Aggregates Business, Cement Business and Magnesia Specialties Business. The Companys Aggregates Business is engaged in mining, processing and selling granite, limestone, sand, gravel and other aggregate products. The Companys Cement Business is engaged in producing Portland and specialty cements, such as masonry and oil well cements. The Companys Magnesia Specialties Business includes magnesia-based chemicals and dolomitic lime businesses.

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