Alcoa June 15th Short Interest Update

Alcoa (NYSE:AA), According to the latest information the short interest in Alcoa, Inc. plummeted by 1.4% or 1,818,110 shares. The final shorts are 9.7% of the total floated shares. The positions dropped from 126,433,549 shares on May 31,2016 to 124,615,439 on June 15,2016. According to the per-day average trading of 16,909,628 shares, the days to cover are 7. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Alcoa (NYSE:AA): The stock opened at $9.56 on Friday but the bulls could not build on the opening and the stock topped out at $9.74 for the day. The stock traded down to $9.35 during the day, due to lack of any buying support eventually closed down at $9.38 with a loss of -7.59% for the day. The stock had closed at $10.15 on the previous day. The total traded volume was 34,013,584 shares.

The company shares have dropped -17.36% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $11.61 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.50 and the 200 Day Moving Average price is recorded at $9.15.

Alcoa (NYSE:AA) has tumbled 2.09% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.32% in the last four weeks. The stocks have underperformed the S&P 500 by 0.46% during the past week but Alcoa (NYSE:AA) it has outperformed the index in 4 weeks by 3.36%.

Alcoa Inc. (Alcoa) is engaged in lightweight metals engineering and manufacturing. The Company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. Its products, which include aluminum, titanium and nickel, are used in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications across the world. It also produces and manages primary aluminum, fabricated aluminum and alumina combined, through its active participation in the aspects of the industry, including technology, mining, refining, smelting, fabricating, and recycling. The Company has investments and operating activities in Australia, Brazil, China, Guinea, Iceland, Russia and Saudi Arabia, among others. It produces three dimensional (3D-printed) titanium, specialty metals and plastic parts for aerospace, medical and energy applications.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.