Axiall Corporation (AXLL) : Traders are negative on Axiall Corporation (AXLL), as it has 3.5% of short positions outstanding compared to its float. The total shorts have reduced by -401,161 shares, which is a -14.1% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,2,843,118 to 2,441,957 shares. While the daily trading volume of the stock is 1,216,737, there are 2 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Axiall Corporation (NYSE:AXLL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.98 and $32.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.99, notching a gain of 0.03% for the day. The total traded volume was 1,471,020 . The stock had closed at $32.98 on the previous day.
Axiall Corporation is a manufacturer and international marketer of chemicals and building products. The Company operates through three segments: chlorovinyls, building products and aromatics. The Companys chlorovinyls segment produces a chain of products, including chlor-alkali and derivative products, such as chlorine, caustic soda, vinyl chloride monomer (VCM), vinyl resins, ethylene dichloride (or 1, 2 dichloroethane) (EDC), chlorinated solvents, calcium hypochlorite, hydrochloric acid (HCL) and phosgene derivatives, and compound products, such as vinyl compounds and compound additives and plasticizers. The Companys building products segment consists of two primary product groups: window and door profiles and trim, moldings and deck products, and outdoor building products, which includes siding and exterior accessories, pipe and pipe fittings. The Companys aromatics segment manufactures cumene products and phenol and acetone products (co-products made from cumene).