Rayonier Advanced Materials (RYAM) : The bears are holding on to their shorts in Accenture Plc with 3 more days remaining for them to cover their positions. The bearish positions have increased from 3,239,221 on Jul 29, 2016, to 5,625,427, on August 15, 2016. Daily, 1,959,270 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 2,386,206 shares, which is an increase of just 73.7%. The total short interest of 13.2% 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.
Rayonier Advanced Materials (NYSE:RYAM): The stock opened at $12.39 on Wednesday but the bulls could not build on the opening and the stock topped out at $12.47 for the day. The stock traded down to $11.98 during the day, due to lack of any buying support eventually closed down at $12.11 with a loss of -2.73% for the day. The stock had closed at $12.45 on the previous day. The total traded volume was 1,270,803 shares.
In a related news, Palumbo Lisa M, director of Rayonier Advanced Materials Inc. had purchased 5,000 shares on September 2, 2015 in a transaction. The price per share was $5.94 and the total amount of the disclosed transaction was $29,700.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Rayonier Advanced Materials Inc. (Rayonier Advanced Materials) is primarily engaged in producing cellulose specialties. The Companys product lines include cellulose specialties and commodity products. Cellulose specialties are polymers, used as raw materials to manufacture consumer-oriented products, such as cigarette filters, liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints and lacquers. Commodity products include commodity viscose and absorbent materials. Commodity products include commodity viscose and absorbent materials.