Renewable Energy Group (REGI) : The short interest in Renewable Energy Group (REGI) has increased from 9,039,432 to 9,526,147 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 530,508 shares are traded daily in the stock and only 18 days are left for the shorts to cover. The short open interest is 22.4% of the total shares in the hands of the public. The shorts in the stock have gone up by 486,715 shares, which is an increase of 5.4% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Renewable Energy Group (NASDAQ:REGI): The stock opened at $8.84 on Wednesday but the bulls could not build on the opening and the stock topped out at $8.99 for the day. The stock traded down to $8.39 during the day, due to lack of any buying support eventually closed down at $8.58 with a loss of -3.05% for the day. The stock had closed at $8.85 on the previous day. The total traded volume was 636,271 shares.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Renewable Energy Group, Inc., Harding Peter John Martin had purchased shares worth of $45,350 in a transaction dated on August 16, 2016. A total of 5,000 shares were purchased at a price of $9.07 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Renewable Energy Group, Inc. is engaged in producing advanced biofuels and renewable chemicals. The Company is involved in various activities related to biomass-based diesel production, from acquiring feedstock, managing construction and operating biomass-based diesel production facilities to marketing, selling and distributing biomass-based diesel and its co-products. The Company operates a network of around nine operational biodiesel plants and one fermentation facility. The Companys segments include Biomass-based diesel and Services. The Biomass-based diesel segment processes waste vegetable oils, animal fats, virgin vegetable oils, and other feedstocks and methanol into biomass-based diesel. The Services segment offers services for managing the construction of biomass-based diesel production facilities and managing ongoing operations of third party plants.