Rentech (RTK) : Traders are getting increasingly bearish on Rentech (RTK), as can be seen in the addition of short positions from 855,418 on Jul 29, 2016, to 866,812 on August 15, 2016. The net change in shorts is 11,394 shares, an increase of 1.3%. 7 days remain before the expiry. The 4.1% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 132,311. The short interest information was released on Wednesday Aug 24th after the market close.
Rentech (NASDAQ:RTK): The stock was completely flat for the day, closing at $3.76 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $3.76, the stock touched an intraday high of $3.83 and a low of $3.72. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $3.76. The total trading volume on Wednesday was 235,052.
In a related news, Forman Keith B, CEO of Rentech, Inc. had purchased 3,000 shares on August 20, 2015 in a transaction. The price per share was $6.04 and the total amount of the disclosed transaction was $18,120.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.
Rentech, Inc. is a provider of wood fiber processing services, wood chips and wood pellets. The Company operates in five segments: East Dubuque, which include the operations of the East Dubuque Facility and produces ammonia and UAN; Pasadena, which include the operations of the Pasadena Facility and produces ammonium sulfate; Fulghum Fibres, which involves the operations of Fulghum, which provides wood yard operations services and wood fiber processing services, sells wood chips to the pulp, paper and packaging industry, and owns and manages forestland and sells bark to industrial consumers in South America; Wood Pellets: Industrial, this segment includes wood pellet plant projects, the Atikokan and Wawa Projects, which include wood pellet development, the sale of third party produced pellets, and management of wood pellet projects and activities, and Wood Pellets: NEWP, which involves the operations of NEWP, which produces wood pellets for the residential and commercial markets.