Ferro Corporation (FOE) : The short interest in Ferro Corporation (FOE) has increased from 1,804,197 to 1,848,627 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 449,673 shares are traded daily in the stock and only 4 days are left for the shorts to cover. The short open interest is 2.2% of the total shares in the hands of the public. The shorts in the stock have gone up by 44,430 shares, which is an increase of 2.5% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Ferro Corporation (NYSE:FOE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.20 and $13.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.22, notching a gain of 0.08% for the day. The total traded volume was 637,258 . The stock had closed at $13.21 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Vice President, Human Resource) of Ferro Corp, Killian Ann had sold 30,000 shares worth of $329,700 in a transaction dated December 17, 2015. In this transaction, 30,000 shares were sold at $10.99 per share.
Ferro Corporation (Ferro) produces performance materials for a range of manufacturers in diversified industries throughout the world. The Company uses inorganic and organic chemical processes, polymer science and materials science to develop and produce these performance materials. It operates, approximately 33 facilities around the world that manufacture performance materials and performance chemicals. The Companys performance materials include frits, porcelain and other glass enamels, glazes, stains, decorating colors, pigments, inks, polishing materials, specialty dielectrics, electronic glasses, and other specialty coatings. Ferro operates through four segments: Tile Coating Systems, Porcelain Enamel, Performance Colors and Glass, and Pigments, Powders and Oxides. Ferros products are used in a variety of product applications in markets including appliances, household furnishings, automobiles, industrial products, building and renovation, and packaging.