Platform Specialty Products Corporation June 15th Short Interest Update

Platform Specialty Products Corporation (NYSE:PAH) encountered a drop of 6% or -1,293,128 shares in the short positions. The number dropped from 21,433,594 on May 31,2016 to 20,140,466 on June 15,2016. The final interest is 10.1% of the floated stock. The days to cover figure of 11 can be arrived using the average daily exchange of 1,793,568 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Platform Specialty Products Corporation (NYSE:PAH): The stock opened at $8.74 on Friday but the bulls could not build on the opening and the stock topped out at $9.08 for the day. The stock traded down to $8.60 during the day, due to lack of any buying support eventually closed down at $8.66 with a loss of -9.60% for the day. The stock had closed at $9.58 on the previous day. The total traded volume was 3,901,667 shares.

The company shares have dropped -66.16% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $26.51 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $9.38 and the 200 Day Moving Average price is recorded at $9.05.

Stocks of Platform Specialty Products Corporation (NYSE:PAH) rallied by 1.76% during the past week but lost 9.03% on a 4-week basis. The company has outperformed the S&P 500 by 3.45% in the past week but underperformed the index by 6.28% in the last 4 weeks.

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