Short Interest Update on Fairmount Santrol Holdings (FMSA)

Fairmount Santrol Holdings (FMSA) : Traders are increasing their bearish positions on the stock, as is visible by the 5% jump in the outstanding short positions; a total addition of 444,322 shares on the sell side. On Jul 29, 2016, the total short positions were 8,854,516 shares, which went up to 9,298,838 shares by the close of trading on August 15, 2016. It will take 4 days for the bears to roll over or cover. An average of 2,205,408 shares exchange hands daily. 10.1% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.

Fairmount Santrol Holdings (NYSE:FMSA): The stock opened at $7.67 on Wednesday but the bulls could not build on the opening and the stock topped out at $7.78 for the day. The stock traded down to $7.26 during the day, due to lack of any buying support eventually closed down at $7.35 with a loss of -5.65% for the day. The stock had closed at $7.79 on the previous day. The total traded volume was 1,707,407 shares.


In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Fairmount Santrol Holdings Inc., Fowler Charles D. had purchased shares worth of $9,916,663 in a transaction dated on July 26, 2016. A total of 1,666,666 shares were purchased at a price of $5.95 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Fairmount Santrol Holdings Inc., formerly FMSA Holdings Inc., is a provider of sand-based proppant solutions. The Companys operations are organized into two segments: Proppant Solutions and Industrial and Recreational (I&R) Products. The Proppant Solutions segment provides sand-based proppants for use in hydraulic fracturing operations throughout the United States, Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates. The I&R segment provides raw, coated and custom blended sands to the foundry, building products, glass, turf and landscape, and filtration industries primarily in North America. It develops proppants used by exploration and production (E&P) companies to enhance the productivity of their oil and gas wells. It offers a range of proppants, including sand and a spectrum of resin-coated products. It offers sand-based products to end users in the foundry, glass, building products, and sports and recreation markets (collectively, the I&R markets).

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.