Armstrong World Industries Inc (AWI) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 3,525,860 to 3,358,952 shares, with 6 days to go before the expiry. The short open interest has decreased by -4.7%, amounting to a reduction of -166,908 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 6.7% of the float of the company. The average daily volume of the stock is 601,860 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Armstrong World Industries Inc (NYSE:AWI): The stock opened at $44.75 on Wednesday but the bulls could not build on the opening and the stock topped out at $44.84 for the day. The stock traded down to $44.19 during the day, due to lack of any buying support eventually closed down at $44.31 with a loss of -1.05% for the day. The stock had closed at $44.78 on the previous day. The total traded volume was 283,682 shares.
In a related news,The officer (Vice President and Controller) of Armstrong World Industries Inc, Mcnamara Stephen F sold 2,274 shares at $45 on August 15, 2016. The Insider selling transaction had a total value worth of $102,330. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Armstrong World Industries, Inc. is a producer of flooring products and ceiling systems for use in the construction and renovation of residential, commercial and institutional buildings. The Company operates in four segments: Building Products, which produces suspended mineral fiber, soft fiber and metal ceiling systems for use in commercial, institutional and residential settings; Resilient Flooring, which produces and sources a range of floor coverings for homes and commercial and institutional buildings and Wood Flooring segment produces and sources wood flooring products for use in new residential construction and renovation, with commercial applications in stores, restaurants and high-end offices. Its brands include Armstrong, Alterna, BBT, BioBased Tile, BioGuard, Bruce, Cirrus, Dune, Excelon, Huiyi, Imperial, Initiator, Laurel, Luxe Plank, Medintech, MetalWorks, Optima, Perla, Plano, Stonetex, Station Square, ToughGuard, Ultima and WoodWorks, among others.