Short Interest Update on Carbo Ceramics (CRR)

Carbo Ceramics (CRR) has 6,635,313 shares of shorts outstanding as on August 15, 2016, with 10 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 7,102,577 shares. The stock has a decent trading volume of 646,352 shares daily. The marginal decrease in the short positions is by -6.6%, which amounts to -467,264 shares. Short positions are 36.6% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

Carbo Ceramics (NYSE:CRR): The stock opened at $14.30 on Wednesday but the bulls could not build on the opening and the stock topped out at $14.62 for the day. The stock traded down to $13.39 during the day, due to lack of any buying support eventually closed down at $13.44 with a loss of -6.86% for the day. The stock had closed at $14.43 on the previous day. The total traded volume was 516,316 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director 10% owner of Carbo Ceramics Inc, Morris William C, had purchased 38,000 shares in a transaction dated on March 3, 2016. The transaction was executed at $20.42 per share with total amount equaling $775,960.

Carbo Ceramics Inc. is an oilfield services technology company , which supplies ceramic proppant and, sells sand and resin-coated sand. The Company also sells sand independent of its resin-coating operations. It also provides fracture simulation software, and, fracture design and consulting services, and a range of technologies for spill prevention, containment and countermeasures. The Companys products and services are primarily used in the hydraulic fracturing of natural gas and oil wells. There are three primary types of proppant that can be utilized in the hydraulic fracturing process: sand, resin-coated sand and ceramic. The Company manufactures six ceramic proppants: KRYPTOSPHERETM HD, CARBOHSP, CARBOPROP, CARBOLITE, CARBOECONOPROP and CARBOHYDROPROP. The Company produces resin-coated ceramic (CARBOBOND LITE) and resin-coated sand (CARBOBOND RCS) proppants; CARBO NORTHERN WHITE, a frac sand; and CARBONRT proppant. The Company also sells SCALEGUARD, a porous ceramic proppant.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.