Owens Corning Inc (OC) : The bears are holding on to their shorts in Accenture Plc with 5 more days remaining for them to cover their positions. The bearish positions have increased from 3,972,151 on Jul 29, 2016, to 5,700,927, on August 15, 2016. Daily, 1,252,379 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 1,728,776 shares, which is an increase of just 43.5%. The total short interest of 5% 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.
Owens Corning Inc (NYSE:OC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.32 and $54.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.81, notching a gain of 0.59% for the day. The total traded volume was 923,966 . The stock had closed at $54.49 on the previous day.
In a related news,The officer (Sr. VP Organization & Adm.) of Owens Corning, Smith Daniel T sold 9,376 shares at $54.11 on August 8, 2016. The Insider selling transaction had a total value worth of $507,335. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Owens Corning is a holding company. The Company is engaged in composite and building materials systems. The Companys products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind energy and other markets to insulation and roofing for residential, commercial and industrial applications. The Company operates under three segments: Composites, Insulation and Roofing. The Composites segment is comprised of the Companys Reinforcements and Downstream businesses. Insulation segment includes products, such as thermal and acoustical batts, loosefill insulation, foam sheathing and accessories. The Roofing segment includes products, such as laminate and strip asphalt roofing shingles. The Companys subsidiaries are Owens Corning Sales, LLC and Owens Corning Receivables LLC.