Newell Rubbermaid (NYSE:NWL) reported a rise of 2.7% or 479,865 shares in its short interest. The short figure came in at 4% of the total floats. The average daily volume of 3,681,059 shares suggests that the days to cover 17,964,707 short positions, as on June 15,2016, will be 5. On May 31,2016, the short interest was 17,484,842 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Newell Rubbermaid (NYSE:NWL): The stock opened at $47.10 on Friday but the bulls could not build on the opening and the stock topped out at $48.16 for the day. The stock traded down to $46.27 during the day, due to lack of any buying support eventually closed down at $46.51 with a loss of -5.96% for the day. The stock had closed at $49.46 on the previous day. The total traded volume was 8,470,535 shares.
The company shares have rallied 14.28% from its 1 Year high price. On Dec 7, 2015, the shares registered one year high at $50.90 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $48.04 and the 200 Day Moving Average price is recorded at $43.15.
Newell Rubbermaid (NYSE:NWL) has tumbled 3.85% during the past week and has dropped 2.62% in the last 4 week period. The stocks have underperformed the S&P 500 by 2.25% during the past week but Newell Rubbermaid (NYSE:NWL) it has outperformed the index in 4 weeks by 0.33%.
Newell Rubbermaid Inc. is a marketer of consumer and commercial products. The Company operates in five segments: Writing, which designs, manufactures or sources, and distributes writing instruments and labeling solutions, primarily for use in business and the home; Home Solutions, which designs, manufactures or sources, and distributes a range of consumer products under various brand names; Tools, which designs, manufactures or sources, and distributes hand tools and power tool accessories, industrial bandsaw blades, tools and industrial-labeling solutions; Commercial Products, which designs, manufactures or sources, and distributes cleaning and refuse products, hygiene systems, material handling solutions, and medical and computer carts, and Baby & Parenting, which designs and distributes infant and juvenile products. Its products are marketed under a portfolio of various brands, including Sharpie, Paper Mate, Parker, Calphalon, Irwin, Lenox, Elmers, Graco, Aprica and Baby Jogger.