Short Interest Update on Ball Corporation (BLL)

Ball Corporation (BLL) : The short interest in Ball Corporation (BLL) has increased from 13,207,357 to 13,949,020 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 2,285,718 shares are traded daily in the stock and only 6 days are left for the shorts to cover. The short open interest is 10.6% of the total shares in the hands of the public. The shorts in the stock have gone up by 741,663 shares, which is an increase of 5.6% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

Ball Corporation (NYSE:BLL): The stock opened at $80.34 on Wednesday but the bulls could not build on the opening and the stock topped out at $80.70 for the day. The stock traded down to $79.66 during the day, due to lack of any buying support eventually closed down at $79.81 with a loss of -0.89% for the day. The stock had closed at $80.53 on the previous day. The total traded volume was 724,908 shares.


In a related news, Peterson James N, officer (SVP & COO Global MF & HHP Pkg) of Ball Corp, unloaded 3,870 shares at an average price of $79.89 on August 17, 2016. The total amount of the transaction was worth $309,174, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Ball Corporation (Ball) is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company operates in four segments. The metal beverage packaging, Americas and Asia segment consists of operations in the United States, Canada, Brazil and the PRC, which manufacture aluminum containers used in beverage packaging. . The metal beverage packaging, Europe segment consists of operations in Europe, which manufacture and sell metal beverage containers. The metal food and household products packaging segment consists of operations in the United States, Europe, Canada, Mexico and Argentina that manufacture and sell metal food, aerosol, paint, general line and extruded aluminum containers, decorative specialty containers and aluminum slugs. The aerospace and technologies segment consists of the manufacture and sale of aerospace and other related products and services provided for the defense, civil space and commercial space industries.

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