Pacific Ethanol (PEIX) has 4,229,809 shares of shorts outstanding as on August 15, 2016, with 6 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 4,716,714 shares. The stock has a decent trading volume of 674,110 shares daily. The marginal decrease in the short positions is by -10.3%, which amounts to -486,905 shares. Short positions are 11% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Pacific Ethanol (NASDAQ:PEIX): The stock opened at $7.09 on Wednesday but the bulls could not build on the opening and the stock topped out at $7.17 for the day. The stock traded down to $6.62 during the day, due to lack of any buying support eventually closed down at $6.67 with a loss of -6.84% for the day. The stock had closed at $7.16 on the previous day. The total traded volume was 970,177 shares.
In a related news, The director, of Pacific Ethanol, Inc., Jones William L had unloaded 15,000 shares at $6.75 per share in a transaction on August 15, 2016. The total value of transaction was $101,250. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Pacific Ethanol, Inc. is a producer and marketer of low-carbon renewable fuels in the Western United States. The Company also sells ethanol co-products, including wet distillers grain (WDG), a nutritious animal feed, and corn oil. Serving integrated oil companies and gasoline marketers who blend ethanol into gasoline, the Company provides transportation, storage and delivery of ethanol through third-party service providers. The Company holds a 96% ownership interest in PE Op Co., the owner of four ethanol production facilities. The Company sells ethanol produced by the four production facilities and unrelated third parties to gasoline refining and distribution companies, sells its WDG to dairy operators and animal feed distributors, and sells its corn oil to poultry and biodiesel customers. The Company markets all the ethanol it sells through its subsidiary, Kinergy Marketing, LLC.