SunCoke Energy (SXC) : The short interest in SunCoke Energy (SXC) has changed with an increase of 43,889 shares and the open interest is 4.8%. From 922,843 short positions on Jul 29, 2016, the shorts increased to 966,732 shares by August 15, 2016. There are 2 more days left for the expiry and the daily trading volume of the stock is 469,292 shares. The total interest of shorts is 1.5% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.
SunCoke Energy (NYSE:SXC): The stock opened at $6.77 on Wednesday but the bulls could not build on the opening and the stock topped out at $6.89 for the day. The stock traded down to $6.51 during the day, due to lack of any buying support eventually closed down at $6.55 with a loss of -4.10% for the day. The stock had closed at $6.83 on the previous day. The total traded volume was 427,784 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the 0 of Suncoke Energy, Inc., Mangrove Partners, had purchased 215,517 shares in a transaction dated on August 1, 2016. The transaction was executed at $7.2 per share with total amount equaling $1,551,722.
SunCoke Energy, Inc. (SunCoke) is an independent producer of coke, a principal raw material in the blast furnace steelmaking process. The Company operates through four segments: Domestic Coke, Brazil Coke, India Coke and Coal Logistics. The Companys Domestic Coke consists of its Indiana Harbor, Haverhill, Granite City and Middletown cokemaking and heat recovery operations located in Vansant, Virginia; East Chicago, Indiana; Franklin Furnace, Ohio; Granite City, Illinois, and Middletown, Ohio, respectively. The Companys Brazil Coke consists of its operations in Vitoria, Brazil, where it operates a cokemaking facility for a Brazilian subsidiary of ArcelorMittal. India Coke consists of its cokemaking joint venture with Visa Steel in Odisha, India. Coal Logistics consists of its coal handling and blending service operations in East Chicago, Indiana; Ceredo, West Virginia; Belle, West Virginia; and Catlettsburg, Kentucky.