Weyerhaeuser Company (NYSE:WY) has seen a rise of 814,954 shares or 5.5% in the short interest. The remaining shorts are 2.1% of the total floated shares. The net short interest, as on June 15,2016, stood at 15,630,097 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 4,552,236 shares. On May 31,2016, 14,815,143 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Weyerhaeuser Company (NYSE:WY): The stock opened at $28.77 on Friday but the bulls could not build on the opening and the stock topped out at $28.94 for the day. The stock traded down to $27.72 during the day, due to lack of any buying support eventually closed down at $27.73 with a loss of -6.06% for the day. The stock had closed at $29.52 on the previous day. The total traded volume was 13,021,573 shares.
The company shares have dropped -12.05% from its 1 Year high price. On Dec 1, 2015, the shares registered one year high at $32.72 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $30.38 and the 200 Day Moving Average price is recorded at $29.00.
Weyerhaeuser Company (NYSE:WY) has tumbled 3.35% during the past week and has dropped 11.91% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.74%. Weyerhaeuser Company (NYSE:WY) has underperformed the index by 9.25% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. The Company owns nearly 7 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. It is engaged in the manufacturing of wood and specialty cellulose fibers products. The Companys operational segments include Timberlands, Wood Products and Cellulose Fibers. The Companys Timberlands segment manages approximately 6.9 million acres of private commercial timberlands across the world. The Wood Products segment manufactures and distributes wood products primarily in North America and Asia. The Cellulose Fibers segment is involved in the production of absorbent fluff pulp used in products, such as diapers.