Griffon Corporation (GFF) : The short interest in Griffon Corporation (GFF) has increased from 3,831,116 to 3,836,347 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 79,929 shares are traded daily in the stock and only 48 days are left for the shorts to cover. The short open interest is 9.4% of the total shares in the hands of the public. The shorts in the stock have gone up by 5,231 shares, which is an increase of 0.1% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Griffon Corporation (NYSE:GFF): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.06 and $17.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.19, notching a gain of 0.29% for the day. The total traded volume was 97,306 . The stock had closed at $17.14 on the previous day.
In a related news, Grabowsky Louis J., director of Griffon Corp had purchased 1,500 shares on May 16, 2016 in a transaction. The price per share was $16.52 and the total amount of the disclosed transaction was $24,780.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Griffon Corporation (Griffon), is a diversified management and holding company that conducts business through its wholly-owned subsidiaries. The Home & Building Products (HBP) segment of the Company, consists of two companies, Ames True Temper, Inc. (ATT) and Clopay Building Products (CBP). ATT provides non-powered landscaping products for homeowners and professionals. CBP manufactures and sells residential, commercial and industrial garage doors to professional installing dealers and major home center retail chains. Telephonics Corporation (Telephonics) designs, develops and manufactures high-technology integrated information, communication and sensor system solutions for military and commercial markets. Clopay Plastic Products Company (Plastics) develops and produces embossed, laminated and printed specialty plastic films used in a variety of hygienic, health-care and industrial applications.