Ingredion Incorporated (INGR) : Traders are increasing their bearish positions on the stock, as is visible by the 16.1% jump in the outstanding short positions; a total addition of 194,345 shares on the sell side. On Jul 29, 2016, the total short positions were 1,210,285 shares, which went up to 1,404,630 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 355,103 shares exchange hands daily. 2% 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.
Ingredion Incorporated (NYSE:INGR): The stock opened at $137.33 on Wednesday but the bulls could not build on the opening and the stock topped out at $137.43 for the day. The stock traded down to $136.19 during the day, due to lack of any buying support eventually closed down at $136.52 with a loss of -0.67% for the day. The stock had closed at $137.44 on the previous day. The total traded volume was 211,700 shares.
In a related news,The director officer (Chairman, President and CEO) of Ingredion Inc, Gordon Ilene S sold 70,492 shares at $135.64 on August 15, 2016. The Insider selling transaction had a total value worth of $9,561,535. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Ingredion Incorporated is a manufacturer and supplier of starch and sweetener ingredients to a range of industries, including packaged food, beverage, brewing, industrial, pharmaceutical and personal care customers. The Company operates in four business segments: North America, South America, Asia Pacific and EMEA. North America segment consists of operations in the United States, Canada and Mexico and produces a range of both sweeteners and starches. South America segment includes 11 plants that produce regular, modified, waxy and tapioca starches, fructose and maltose syrups and syrup solids, dextrins and maltodextrins, dextrose, specialty starches, caramel color, sorbitol and vegetable adhesives. Asia Pacific segment manufactures corn-based products in South Korea, Australia and China and tapioca-based products in Thailand. EMEA segment includes five plants that produce modified and specialty starches, glucose and dextrose in England, Germany and Pakistan.