Short Interest Update on Eagle Materials Inc (EXP)

Eagle Materials Inc (EXP) has 1,151,487 shares of shorts outstanding as on August 15, 2016, with 2 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 1,214,881 shares. The stock has a decent trading volume of 565,971 shares daily. The marginal decrease in the short positions is by -5.2%, which amounts to -63,394 shares. Short positions are 2.5% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

Eagle Materials Inc (NYSE:EXP): The stock opened at $83.43 on Wednesday but the bulls could not build on the opening and the stock topped out at $83.75 for the day. The stock traded down to $82.95 during the day, due to lack of any buying support eventually closed down at $83.45 with a loss of -0.19% for the day. The stock had closed at $83.61 on the previous day. The total traded volume was 381,806 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Eagle Materials Inc, Barnett F William had sold 16,221 shares worth of $1,391,275 in a transaction dated July 28, 2016. In this transaction, 16,221 shares were sold at $85.77 per share.

Eagle Materials Inc. manufactures and distributes gypsum wallboard and also manufactures and sells cement. Gypsum wallboard is distributed throughout the United States, in the geographic markets nearest to its production facilities. The Company sells cement in six regional markets, including northern Nevada and California, the greater Chicago area, the Rocky Mountain region, the Central Plains region and Texas. Its gypsum wallboard business is supported by its recycled paperboard business, while its cement business is supported by its concrete and aggregates business. The Company operates six cement plants, five gypsum wallboard plants, one recycled paperboard plant, seventeen concrete batching plants, four aggregates facilities and one frac sand processing and drying plant. The Company operates in two business segments: Cement and Concrete and Aggregates, and Gypsum Wallboard and Recycled Paperboard.

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