Methanex Corporation (MEOH) : The short interest in Methanex Corporation (MEOH) has increased from 8,473,718 to 8,580,106 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 638,953 shares are traded daily in the stock and only 13 days are left for the shorts to cover. The short open interest is 9.6% of the total shares in the hands of the public. The shorts in the stock have gone up by 106,388 shares, which is an increase of 1.3% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Methanex Corporation (NASDAQ:MEOH): The stock opened at $30.26 on Wednesday but the bulls could not build on the opening and the stock topped out at $30.48 for the day. The stock traded down to $29.34 during the day, due to lack of any buying support eventually closed down at $29.39 with a loss of -3.45% for the day. The stock had closed at $30.44 on the previous day. The total traded volume was 577,853 shares.
Methanex Corporation is a Canada-based producer and supplier of methanol to international markets in Asia Pacific, North America, Europe and South America. The Company operates three production facilities in New Zealand, which supply methanol primarily to customers in Asia Pacific. Its two plants in Trinidad, Titan and Atlas, supply methanol markets in North America, Europe, Asia Pacific and South America. Its Geismar 1 facility in Louisiana supplies to customers in the United States. The Company through a joint venture facility in Egypt, located on the Mediterranean Sea, supplies methanol markets in Europe and Asia Pacific. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America. The Punta Arenas production complex in southern Chile supplies to customers in South America.