Short Interest Update on Fortune Brands Home & Security (FBHS)

Fortune Brands Home & Security (FBHS) : The bears are holding on to their shorts in Accenture Plc with 7 more days remaining for them to cover their positions. The bearish positions have increased from 7,308,169 on Jul 29, 2016, to 8,217,343, on August 15, 2016. Daily, 1,222,678 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 909,174 shares, which is an increase of just 12.4%. The total short interest of 5.4% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

Fortune Brands Home & Security (NYSE:FBHS): The stock opened at $63.40 on Wednesday but the bulls could not build on the opening and the stock topped out at $63.61 for the day. The stock traded down to $63.03 during the day, due to lack of any buying support eventually closed down at $63.10 with a loss of -0.74% for the day. The stock had closed at $63.57 on the previous day. The total traded volume was 684,637 shares.


In a related news, Klein Christopher J, director officer (Chief Executive Officer) of Fortune Brands Home & Security, Inc., unloaded 150,000 shares at an average price of $63.55 on August 5, 2016. The total amount of the transaction was worth $9,532,500, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Fortune Brands Home & Security, Inc. is a holding company. The Company, through its subsidiaries, engaged in manufacture and sale of home and security products. The Company operates through four business segments: Cabinets, Plumbing, Doors and Security. The Cabinets segment provides cabinetry, as well as vanities, for the kitchen, bath and other parts of the home through a regional supply chain footprint in North America. The Plumbing segment manufactures or assembles and sells faucets, accessories and kitchen sinks in North America and China, predominantly under the Moen brand. The Doors segment offers fiberglass and steel entry door systems under the Therma-Tru brand and urethane millwork product lines under the Fypon brand. The Security segments products consist of locks, safety and security devices manufactured, sourced and distributed under the Master Lock brand, and fire resistant safes and commercial cabinets manufactured, sourced and distributed under the SentrySafe brand.

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.