Short Interest Buzzer: Is Siteone Landscape Supply Incorporated (NYSE:SITE) a Buy? The Stock Reported more Sellers

November 16, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Buzzer: Is Siteone Landscape Supply Incorporated (NYSE:SITE) a Buy? The Stock Reported more Sellers

The stock of Siteone Landscape Supply Incorporated (NYSE:SITE) registered an increase of 78.48% in short interest. SITE’s total short interest was 833,700 shares in November as published by FINRA. Its up 78.48% from 467,100 shares, reported previously. With 320,000 shares average volume, it will take short sellers 3 days to cover their SITE’s short positions. The short interest to Siteone Landscape Supply Incorporated’s float is 7.17%. The stock increased 2.74% or $0.94 during the last trading session, hitting $35.24. SiteOne Landscape Supply Inc (NYSE:SITE) has risen 6.00% since October 17, 2016 and is uptrending. It has outperformed by 1.31% the S&P500.

SiteOne Landscape Supply, Inc. is a wholesale distributor of landscape supplies in the United States. The company has a market cap of $1.49 billion. The Company, through its North American network of approximately 460 branch locations in over 40 states and five provinces, offers a selection of approximately 90,000 stock keeping units , including irrigation supplies, fertilizer and control products, landscape accessories, nursery goods, hardscapes (including pavers, natural stones and blocks), outdoor lighting and ice melt products. It currently has negative earnings. Through its SiteOne University, the Company provides clients with technical training, licensing and business management seminars.

SiteOne Landscape Supply Inc (NYSE:SITE) Ratings Coverage

Out of 6 analysts covering SiteOne Landscape Supply (NYSE:SITE), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. SiteOne Landscape Supply has been the topic of 7 analyst reports since June 6, 2016 according to StockzIntelligence Inc. RBC Capital Markets maintained it with “Outperform” rating and $37 target price in Thursday, June 23 report. The stock of SiteOne Landscape Supply Inc (NYSE:SITE) has “Buy” rating given on Monday, June 6 by Suntrust Robinson. The rating was initiated by Deutsche Bank with “Buy” on Monday, June 6. Robert W. Baird initiated it with “Outperform” rating and $38 target price in Monday, June 6 report. The stock has “Buy” rating given by UBS on Monday, June 6. The rating was initiated by RBC Capital Markets on Tuesday, June 7 with “Outperform”. The stock of SiteOne Landscape Supply Inc (NYSE:SITE) has “Neutral” rating given on Monday, June 6 by Goldman Sachs.

SITE Company Profile

SiteOne Landscape Supply, Inc. is a wholesale distributor of landscape supplies in the United States. The Company, through its North American network of approximately 460 branch locations in over 40 states and five provinces, offers a selection of approximately 90,000 stock keeping units (SKUs), including irrigation supplies, fertilizer and control products, landscape accessories, nursery goods, hardscapes (including pavers, natural stones and blocks), outdoor lighting and ice melt products. The Firm also provides consultative services. Through its SiteOne University, the Company provides clients with technical training, licensing and business management seminars. The Firm also offers a program, which it refers to as Partners Program, under which clients can earn points redeemable for gift cards, account credits and other commercial benefits.

More notable recent SiteOne Landscape Supply Inc (NYSE:SITE) news were published by: Marketwatch.com which released: “SiteOne Landscape Supply started at buy with $32 stock price target at UBS” on February 22, 2012, also Businesswire.com with their article: “SiteOne Landscape Supply, Inc. Prices Initial Public Offering of Common Stock” published on May 11, 2016, Businesswire.com published: “SiteOne Landscape Supply, Inc. Announces First Quarter 2016 Earnings Release …” on June 03, 2016. More interesting news about SiteOne Landscape Supply Inc (NYSE:SITE) were released by: Nasdaq.com and their article: “SiteOne Landscape Supply is Now Oversold (SITE)” published on October 18, 2016 as well as Businesswire.com‘s news article titled: “SiteOne Landscape Supply Names Jeri L. Isbell to Its Board of Directors” with publication date: October 03, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Ellis Scott


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>