Resolute Forest Products (RFP) has 1,310,602 shares of shorts outstanding as on August 15, 2016, with 10 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 1,481,355 shares. The stock has a decent trading volume of 125,830 shares daily. The marginal decrease in the short positions is by -11.5%, which amounts to -170,753 shares. Short positions are 1.5% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Resolute Forest Products (NYSE:RFP): The stock opened at $5.85 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.94 for the day. The stock traded down to $5.68 during the day, due to lack of any buying support eventually closed down at $5.74 with a loss of -2.21% for the day. The stock had closed at $5.87 on the previous day. The total traded volume was 69,139 shares.
In a related news, Rousseau Michael S, director of Resolute Forest Products Inc., executed a transaction worth $103,600 on June 15, 2016. A total of 20,000 shares were purchased at an average price of $5.18. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Resolute Forest Products Inc. is a holding company. The Company is a forest products company, which offers products, including newsprint, specialty papers, market pulp and wood products. It owns or operates approximately 40 pulp and paper mills and wood products facilities in the United States, Canada and South Korea, and power generation assets in Canada. The Company operates through four segments: newsprint, specialty papers, market pulp and wood products. It also sells green power produced from renewable sources, wood chips and other wood related products to customers located in Canada and the United States. The newsprint segment produces newsprint at 10 facilities in North America and one facility in South Korea. The specialty papers segment produces specialty papers at five facilities in North America. The market pulp segment produces market pulp at seven facilities in North America. The wood products segment operates 15 sawmills in Canada.