Rentech (NASDAQ:RTK) has seen a rise of 41,105 shares or 2.5% in the short interest. The remaining shorts are 7.9% of the total floated shares. The net short interest, as on June 15,2016, stood at 1,656,958 shares and the stocks days to cover will be 21 by factoring in the average per day volume of 77,523 shares. On May 31,2016, 1,615,853 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Rentech (NASDAQ:RTK): The stock opened at $2.60 on Friday but the bulls could not build on the opening and the stock topped out at $2.66 for the day. The stock traded down to $2.41 during the day, due to lack of any buying support eventually closed down at $2.55 with a loss of -5.56% for the day. The stock had closed at $2.70 on the previous day. The total traded volume was 2,316,762 shares.
The company shares have dropped -76.17% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $11.50 and the one year low was seen on Aug 19, 2015. The 50-Day Moving Average price is $2.62 and the 200 Day Moving Average price is recorded at $2.66.
Rentech (NASDAQ:RTK) has tumbled 9.25% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.82% in the last four weeks. The stocks have underperformed the S&P 500 by 7.75% during the past week but Rentech (NASDAQ:RTK) it has outperformed the index in 4 weeks by 5.93%.
Rentech, Inc. is a provider of wood fiber processing services, wood chips and wood pellets. The Company operates in five segments: East Dubuque, which include the operations of the East Dubuque Facility and produces ammonia and UAN; Pasadena, which include the operations of the Pasadena Facility and produces ammonium sulfate; Fulghum Fibres, which involves the operations of Fulghum, which provides wood yard operations services and wood fiber processing services, sells wood chips to the pulp, paper and packaging industry, and owns and manages forestland and sells bark to industrial consumers in South America; Wood Pellets: Industrial, this segment includes wood pellet plant projects, the Atikokan and Wawa Projects, which include wood pellet development, the sale of third party produced pellets, and management of wood pellet projects and activities, and Wood Pellets: NEWP, which involves the operations of NEWP, which produces wood pellets for the residential and commercial markets.