Carpenter Technology Corporation (CRS) has 4,253,791 shares of shorts outstanding as on August 15, 2016, with 15 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 4,417,571 shares. The stock has a decent trading volume of 278,586 shares daily. The marginal decrease in the short positions is by -3.7%, which amounts to -163,780 shares. Short positions are 9.3% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Carpenter Technology Corporation (NYSE:CRS): The stock opened at $37.21 on Wednesday but the bulls could not build on the opening and the stock topped out at $37.25 for the day. The stock traded down to $36.34 during the day, due to lack of any buying support eventually closed down at $36.45 with a loss of -2.72% for the day. The stock had closed at $37.47 on the previous day. The total traded volume was 276,143 shares.
In a related news, The Securities and Exchange Commission has divulged that Pratt Gregory A, director of Carpenter Technology Corp, had unloaded 10,358 shares at an average price of $38.78 in a transaction dated on August 1, 2016. The total value of the transaction was worth $401,683.
Carpenter Technology Corporation is engaged in the manufacture, fabrication and distribution of specialty metals. It develops, manufactures and distributes cast/wrought and powder metal stainless steels and special alloys used in the oil and gas industry. It provides material solutions to the changing needs of the aerospace and defense, energy, transportation, medical and industrial and consumer industries. The Company operates in two segments: Specialty Alloys Operations (SAO) comprises companys alloy and stainless steel manufacturing operations and Performance Engineered Products (PEP), comprises companys differentiated operations, which include Dynamet titanium business, Carpenter Powder Products business, Amega West business, Specialty Steel Supply business and Latrobe and Mexico distribution businesses. Its product line includes Special alloys, Stainless steels, Titanium products, Powder metals, and Alloy and tool steel.