Short Interest Update on Green Plains (GPRE)

Green Plains (GPRE) : Traders are increasing their bearish positions on the stock, as is visible by the 18.9% jump in the outstanding short positions; a total addition of 872,106 shares on the sell side. On Jul 29, 2016, the total short positions were 4,614,633 shares, which went up to 5,486,739 shares by the close of trading on August 15, 2016. It will take 4 days for the bears to roll over or cover. An average of 1,358,373 shares exchange hands daily. 15.6% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.

Green Plains (NASDAQ:GPRE): The stock opened at $24.62 on Wednesday but the bulls could not build on the opening and the stock topped out at $24.86 for the day. The stock traded down to $23.93 during the day, due to lack of any buying support eventually closed down at $23.94 with a loss of -3.70% for the day. The stock had closed at $24.86 on the previous day. The total traded volume was 791,801 shares.


In a related news, The Securities and Exchange Commission has divulged that Mapes Michelle, officer (EVP – Gen Counsel Corp Sec) of Green Plains Inc., had unloaded 3,000 shares at an average price of $19.5 in a transaction dated on June 23, 2016. The total value of the transaction was worth $58,500.

Green Plains Inc. is a producer, marketer and distributor of ethanol. The Company operates in four segments: Ethanol Production segment, which is engaged in the production of ethanol and related distillers grain; Corn Oil Production segment, which is engaged in corn oil extraction systems; Agribusiness segment, which is engaged in grain handling and storage and cattle feedlot operations, and Marketing and Distribution segment, which is engaged in marketing and providing logistical services for ethanol and other commodities for a third-party ethanol producer. It owns an ethanol production facility, which includes approximately 100 million gallons per year of production capacity, a corn oil extraction system and other related assets. It processes approximately 12 million tons of corn annually, producing over 1.2 billion gallons of ethanol, approximately 3.4 million tons of livestock feed and approximately 275 million pounds of industrial grade corn oil at full capacity.

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