LyondellBasell Industries NV June 15th Short Interest Update

LyondellBasell Industries NV (NYSE:LYB) has shown a rise of 6.2% or 710,124 shares in the short positions. The bets have increased to 12,094,733 shares on June 15,2016 from 11,384,609 shares on May 31,2016. With respect to the floated shares, the shorts are 3.5%. The days to cover are calculated to be 3, using the standard per day volume of 3,595,425 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

LyondellBasell Industries NV (NYSE:LYB): The stock opened at $77.39 on Friday but the bulls could not build on the opening and the stock topped out at $77.39 for the day. The stock traded down to $74.74 during the day, due to lack of any buying support eventually closed down at $74.91 with a loss of -5.24% for the day. The stock had closed at $79.05 on the previous day. The total traded volume was 7,179,602 shares.

The company shares have dropped -26.28% from its 1 Year high price. On Jun 30, 2015, the shares registered one year high at $104.95 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $80.68 and the 200 Day Moving Average price is recorded at $82.44.

LyondellBasell Industries NV (NYSE:LYB) has tumbled 6.42% during the past week and has dropped 7.97% 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 4.87%. LyondellBasell Industries NV (NYSE:LYB) has underperformed the index by 5.19% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

LyondellBasell Industries N.V. (LyondellBasell) is a global, independent chemical company. The Company operates through five segments: Olefins and Polyolefins-Americas (OandP-Americas), Olefins and Polyolefins-Europe, Asia, International (OandP-EAI), Intermediates and Derivatives (IandD), Refining, and Technology. Its OandP-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefin. Its OandP-EAI segment produces and markets olefins, including ethylene and ethylene co-products, polyolefin and specialty products, including polybutene-1 and polypropylene compounds. Its IandD segment produces and markets propylene oxide and its co-products and derivatives, acetyls, including methanol and ethylene oxide. Its Refining segment refines heavy, high-sulfur crude oil. Its Technology segment develops and licenses chemical and polyolefin process technologies and manufactures and sells polyolefin catalysts.

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