Huntsman Corporation (NYSE:HUN) has witnessed a drop of 3.7% or 311,266 shares in its short figure. The short interest diminution took it from 8,508,394 on May 31,2016 to 8,197,128 on June 15,2016. In terms of floated shares, the short interest was calculated to be 4.2%. The days to cover are 3 given that the daily volume averaged 2,804,008 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Huntsman Corporation (NYSE:HUN): The stock opened at $15.47 on Friday but the bulls could not build on the opening and the stock topped out at $15.52 for the day. The stock traded down to $14.43 during the day, due to lack of any buying support eventually closed down at $14.45 with a loss of -11.08% for the day. The stock had closed at $16.25 on the previous day. The total traded volume was 6,569,776 shares.
The company shares have dropped -34.88% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $22.97 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $15.04 and the 200 Day Moving Average price is recorded at $12.31.
Huntsman Corporation (NYSE:HUN) has tumbled 7.37% during the past week and has dropped 4.3% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 5.83%. Huntsman Corporation (NYSE:HUN) has underperformed the index by 1.41% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Huntsman Corporation (Huntsman) is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company is also engaged in performance additives and titanium dioxide business. The Company also offers titanium dioxide, a white pigment derived from titanium bearing ores; functional additives made from barium and zinc-based inorganics; color pigments made from synthetic iron-oxide and other inorganic pigments; timber treatment wood protection chemicals; water treatment products, and specialty automotive molded components. The Company operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects and Pigments and Additives. Its products are used in a range of applications, including those in the adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, electronics, medical, packaging and paints and coatings.