Allegheny Technologies Incorporated June 15th Short Interest Update

Allegheny Technologies Incorporated (NYSE:ATI), A reduction of 933,809 shares or 5.1% was observed in the short interest of Allegheny Technologies Inc. The interest on June 15,2016 came in at 17,403,469 shares and as per the average daily trading of 2,673,707 shares, the days to cover are 7. The reduced interest is 16.2% of the floated shares. The data of May 31,2016 put the interest at 18,337,278 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Allegheny Technologies Incorporated (NYSE:ATI): The stock opened at $13.28 on Friday but the bulls could not build on the opening and the stock topped out at $13.56 for the day. The stock traded down to $12.25 during the day, due to lack of any buying support eventually closed down at $12.43 with a loss of -12.53% for the day. The stock had closed at $14.21 on the previous day. The total traded volume was 13,267,981 shares.

The company shares have dropped -59.86% from its 1 Year high price. On Jun 30, 2015, the shares registered one year high at $31.70 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $13.22 and the 200 Day Moving Average price is recorded at $13.09.

Allegheny Technologies Incorporated (NYSE:ATI) has tumbled 8.4% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.72% in the last four weeks. The stocks have underperformed the S&P 500 by 6.88% during the past week but Allegheny Technologies Incorporated (NYSE:ATI) it has outperformed the index in 4 weeks by 4.8%.

Allegheny Technologies Incorporated is a specialty materials and components producer. The Companys standard products include specialty stainless sheet, stainless steel sheet and stainless steel plate. It operates through two business segments: High Performance Materials & Components and Flat Rolled Products. Its High Performance Materials & Components segment produces, converts and distributes high performance materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys. Its Flat Rolled Products segment produces, converts and distributes stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys.

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