Short Interest Update on CLARCOR (CLC)

CLARCOR (CLC) : The traders have covered their outstanding shorts in CLARCOR (CLC) to the tune of -5,669 shares, a change of -0.4%. As on Jul 29, 2016, the outstanding shorts on the stock were 1,408,879 shares, however, by August 15, 2016, the shorts had reduced to 1,403,210 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 2.9% of the free float of the stock. It takes 8 days to cover the outstanding short positions. The stock has an average daily volume of 169,417 shares. The short interest information was released on Wednesday Aug 24th after the market close.

CLARCOR (NYSE:CLC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.51 and $65.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $65.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.59, notching a gain of 0.12% for the day. The total traded volume was 240,836 . The stock had closed at $65.51 on the previous day.


In a related news, The Securities and Exchange Commission has divulged that Burgstahler Robert J, director of Clarcor Inc., had unloaded 7,500 shares at an average price of $62 in a transaction dated on July 13, 2016. The total value of the transaction was worth $465,000.

CLARCOR Inc. is engaged in the marketing and manufacturing of mobile, industrial and environmental filtration products. The Companys segments are Engine/Mobile Filtration and Industrial/Environmental Filtration. The Companys Engine/Mobile Filtration segment manufactures and sells filtration products for on-road and off-road mobile and stationary applications, including trucks, agricultural machinery, construction and mining equipment, marine, automobiles, transit buses, and other industrial and specialty applications. The Companys Industrial/Environmental Filtration segment manufactures and sells filtration products used in industrial and commercial processes, and in buildings and infrastructures of various types. The Companys filters and filter systems are used in commercial and industrial buildings, hospitals, manufacturing processes, pharmaceutical processes, clean rooms, airports, shipyards, and refineries, other oil and natural gas facilities, among others.

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