Hexcel Corporation (HXL) : The short interest in Hexcel Corporation (HXL) has increased from 4,718,777 to 4,898,117 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 590,443 shares are traded daily in the stock and only 8 days are left for the shorts to cover. The short open interest is 5.3% of the total shares in the hands of the public. The shorts in the stock have gone up by 179,340 shares, which is an increase of 3.8% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Hexcel Corporation (NYSE:HXL): The stock opened at $45.06 on Wednesday but the bulls could not build on the opening and the stock topped out at $45.26 for the day. The stock traded down to $44.88 during the day, due to lack of any buying support eventually closed down at $44.95 with a loss of -0.60% for the day. The stock had closed at $45.22 on the previous day. The total traded volume was 246,668 shares.
In a related news, Hill David Charles, director of Hexcel Corp /De/, unloaded 1,188 shares at an average price of $44.47 on August 5, 2016. The total amount of the transaction was worth $52,830, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Hexcel Corporation (Hexcel) is a composites company. The Company develops, manufactures and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets. The Company operates in two segments: Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems and laminates. The Engineered Products segment manufactures and markets composite structures and precision machined honeycomb parts for use in the aerospace industry.