Short Interest Update on Allegheny Technologies Incorporated (ATI)

Allegheny Technologies Incorporated (ATI) : Traders are negative on Allegheny Technologies Incorporated (ATI), as it has 19.1% of short positions outstanding compared to its float. The total shorts have reduced by -1,482,567 shares, which is a -6.8% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,21,953,422 to 20,470,855 shares. While the daily trading volume of the stock is 2,035,429, there are 10 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Allegheny Technologies Incorporated (NYSE:ATI): The stock opened at $17.51 on Wednesday but the bulls could not build on the opening and the stock topped out at $17.57 for the day. The stock traded down to $16.57 during the day, due to lack of any buying support eventually closed down at $16.59 with a loss of -6.06% for the day. The stock had closed at $17.66 on the previous day. The total traded volume was 2,257,934 shares.


In a related news, Powers Elizabeth C, officer (Senior VP, CHRO) of Allegheny Technologies Inc, executed a transaction worth $52,150 on December 16, 2015. A total of 5,000 shares were purchased at an average price of $10.43. 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.

Allegheny Technologies Incorporated is a specialty materials and components producer. The Companys standard products include specialty stainless sheet, stainless steel sheet and stainless steel plate. It operates through two business segments: High Performance Materials & Components and Flat Rolled Products. Its High Performance Materials & Components segment produces, converts and distributes high performance materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys. Its Flat Rolled Products segment produces, converts and distributes stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys.

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