Owens-Illinois (NYSE:OI) encountered a rise of 19.2% or 1,051,355 shares in the short positions. The number escalated from 5,461,822 on May 31,2016 to 6,513,177 on June 15,2016. The final interest is 4.1% of the floated stock. The days to cover figure of 4 can be arrived using the average daily exchange of 1,493,011 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Owens-Illinois (NYSE:OI): The stock opened at $18.63 on Friday but the bulls could not build on the opening and the stock topped out at $19.17 for the day. The stock traded down to $17.82 during the day, due to lack of any buying support eventually closed down at $17.96 with a loss of -9.29% for the day. The stock had closed at $19.80 on the previous day. The total traded volume was 4,925,464 shares.
The company shares have dropped -22.12% from its 1 Year high price. On Oct 23, 2015, the shares registered one year high at $24.05 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $18.99 and the 200 Day Moving Average price is recorded at $16.49.
Owens-Illinois (NYSE:OI) has tumbled 4.92% during the past week and has dropped 5.02% 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 3.35%. Owens-Illinois (NYSE:OI) has underperformed the index by 2.15% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Owens-Illinois, Inc. is the manufacturer of glass containers. The Company has approximately 75 glass manufacturing plants in over 21 countries. Its product lines include glass containers for the food and beverage industries. The Company operates in four segments: Europe, North America, South America and Asia Pacific. The Europe segment primarily produces glass containers for beer, wine, champagne, spirits and food markets. The North America segment has glass container manufacturing plants in the United States and Canada. The South America segment primarily produces glass containers for beer, non-alcoholic beverages, spirits, flavored malt beverages, wine, food and pharmaceuticals markets. The Asia Pacific segment primarily produces glass containers for the beer, wine, food and non-alcoholic beverage markets. The Company also produces glass packaging for a variety of food items, soft drinks, teas, juices and pharmaceuticals.