Short Interest Update on Mercer International (MERC)

Mercer International (MERC) : Traders are increasing their bearish positions on the stock, as is visible by the 51% jump in the outstanding short positions; a total addition of 32,199 shares on the sell side. On Jul 29, 2016, the total short positions were 63,143 shares, which went up to 95,342 shares by the close of trading on August 15, 2016. It will take 1 days for the bears to roll over or cover. An average of 164,089 shares exchange hands daily. 0.2% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.

Mercer International (NASDAQ:MERC): The stock opened at $8.33 on Wednesday but the bulls could not build on the opening and the stock topped out at $8.42 for the day. The stock traded down to $8.19 during the day, due to lack of any buying support eventually closed down at $8.27 with a loss of -1.43% for the day. The stock had closed at $8.39 on the previous day. The total traded volume was 88,831 shares.

Mercer

Mercer International Inc. (Mercer) operates in the pulp industry. The Company produces bleached softwood kraft (NBSK) pulp. It also produces pulp for resale, known as market pulp, in Germany. The Company generates and sells green energy to regional utilities. Its operations are located in Eastern Germany and Western Canada. It operates three NBSK pulp mills. The Companys wholly owned subsidiary, Rosenthal, owns and operates the Rosenthal mill, which has an annual production capacity of approximately 360,000 ADMTs and 57 MW of electrical generation. The Companys subsidiary, Stendal owns and operates the Stendal mill, which has an annual production capacity of approximately 660,000 ADMTs and 148 MW of electrical generation. The Companys wholly owned subsidiary, Celgar, owns and operates the Celgar mill, which is a NBSK pulp mill with an annual production capacity of approximately 520,000 ADMTs and 100 MW of electrical generation.

Comments (0)

Leave a Reply

Your email address will not be published.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