Louisiana-Pacific Corporation (LPX) : 3 days before expiry, shorts in Louisiana-Pacific Corporation (LPX) have reduced from 8,078,269 on Jul 29, 2016, to 7,900,597 on August 15, 2016. On an average, 2,363,735 shares are traded on the exchange. The outstanding bearish positions are equal to 5.5% of the float. Short sellers have covered -177,672 shares, a reduction of -2.2%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Louisiana-Pacific Corporation (NYSE:LPX): The stock opened at $19.25 on Wednesday but the bulls could not build on the opening and the stock topped out at $19.34 for the day. The stock traded down to $18.84 during the day, due to lack of any buying support eventually closed down at $18.96 with a loss of -1.76% for the day. The stock had closed at $19.30 on the previous day. The total traded volume was 1,512,532 shares.
In a related news, The officer (SVP EWP), of Louisiana-Pacific Corp, Sherman Neil had unloaded 13,397 shares at $20 per share in a transaction on August 8, 2016. The total value of transaction was $267,940. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Louisiana-Pacific Corporation is a manufacturer of building products. The Companys products are used in new home construction, repair and remodeling, and outdoor structures. The Company operates in four segments: North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America. The OSB segment manufactures and distributes OSB structural panel products. The Siding segment offers two categories of products, which include SmartSide siding products and related accessories; and CanExel siding and accessories and other related products. The EWP segment manufactures and distributes laminated veneer lumber (LVL), I-Joists, laminated strand lumber (LSL) and other related products. The South American segment manufactures and distributes OSB and siding products in South America and certain export markets. Its other products category includes its remaining timber and timberlands, and other products, services and closed operations.