Builders FirstSource June 15th Short Interest Update

Builders FirstSource (NASDAQ:BLDR) has witnessed a drop of 2.9% or 293,270 shares in its short figure. The short interest diminution took it from 9,977,215 on May 31,2016 to 9,683,945 on June 15,2016. In terms of floated shares, the short interest was calculated to be 11.5%. The days to cover are 7 given that the daily volume averaged 1,397,126 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Builders FirstSource (NASDAQ:BLDR): The stock opened at $10.99 on Friday but the bulls could not build on the opening and the stock topped out at $11.29 for the day. The stock traded down to $10.75 during the day, due to lack of any buying support eventually closed down at $10.93 with a loss of -6.74% for the day. The stock had closed at $11.72 on the previous day. The total traded volume was 4,715,769 shares.

The company shares have dropped -14.48% from its 1 Year high price. On Sep 14, 2015, the shares registered one year high at $16.69 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $11.51 and the 200 Day Moving Average price is recorded at $10.25.

Builders FirstSource (NASDAQ:BLDR) has tumbled 1.26% during the past week and has dropped 7.22% in the last 4 week period. The company has outperformed the S&P 500 by 0.37% in the past week but underperformed the index by 4.41% in the last 4 weeks.

Builders FirstSource, Inc. is a supplier and manufacturer of structural and related building products for residential new construction. The Company groups its building products and services into five product categories: Prefabricated Components, Windows & Doors, Lumber & Lumber Sheet Goods, Millwork, and Other Building Products & Services. The Companys Prefabricated Components are factory-built substitutes for job-site framing. The Windows & Doors category includes the manufacturing, assembly and distribution of windows, and the assembly and distribution of interior and exterior door units. The Lumber & Lumber Sheet Goods category includes dimensional lumber, plywood and oriented strand board (OSB) products. The Millwork category offers interior and exterior trim, columns and posts, as well as custom exterior features under the Synboard brand. The Other Building Products & Services category consists of various products, including hardware, composite materials, roofing and insulation.

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