26 NOVEMBER 2014AlCircle.com
Kaiser Aluminium registered a high short interest at the market
Edited by : AL CIRCLE
1 min read
Kaiser Aluminium is in a tight spot registering a high short interest at 17.59% of the floated shares. Each of its share is trading at $73.15 that is curiously 10.4% above the 53-week low and 10.4% lower that the 52-week high. However, there is good news in the near future as massive unwinding of the short positions could result in a swift price hike.
The company posted a gain of 0.22% or 0.16 points. The shares opened at $72.86 and closed at $73.15, suffering some minor fluctuations throughout the day. The total volume of shares at the end of the day stood at 92,734. The company has put a market cap of $1,301 million with a total number of outstanding shares at 17,792,000.
Considering the Kaiser’s 52-week high is $81.62 and the 52-week low is $65.56, the current performance of the company at the market can be safely termed as above average.
The company posted a gain of 0.22% or 0.16 points. The shares opened at $72.86 and closed at $73.15, suffering some minor fluctuations throughout the day. The total volume of shares at the end of the day stood at 92,734. The company has put a market cap of $1,301 million with a total number of outstanding shares at 17,792,000.
Considering the Kaiser’s 52-week high is $81.62 and the 52-week low is $65.56, the current performance of the company at the market can be safely termed as above average.
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