Short Interest Change: Silgan Holdings Incorporated (NASDAQ:SLGN) Can’t Be More Risky. Short Interest Increased

November 16, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Change: Silgan Holdings Incorporated (NASDAQ:SLGN) Can't Be More Risky. Short Interest Increased

The stock of Silgan Holdings Incorporated (NASDAQ:SLGN) registered an increase of 13.57% in short interest. SLGN’s total short interest was 2.45M shares in November as published by FINRA. Its up 13.57% from 2.16 million shares, reported previously. With 262,600 shares average volume, it will take short sellers 9 days to cover their SLGN’s short positions. The short interest to Silgan Holdings Incorporated’s float is 6%. The stock closed at $51.61 during the last session. It is down 4.21% since April 14, 2016 and is downtrending. It has underperformed by 8.90% the S&P500.

Silgan Holdings Inc. is a manufacturer of rigid packaging for shelf-stable food and other consumer goods products. The company has a market cap of $3.13 billion. The Firm operates through three divisions: metal container, closures and plastic container. It has a 20.1 P/E ratio. The Company’s products include steel and aluminum containers for human and pet food and general line products; metal, composite and plastic closures for food and beverage products, and custom designed plastic containers and closures for personal care, food, healthcare, pharmaceutical, household and industrial chemical, pet care, agricultural, automotive and marine chemical products.

Insitutional Activity: The institutional sentiment decreased to 1.35 in 2016 Q2. Its down 0.22, from 1.57 in 2016Q1. The ratio dropped, as 23 funds sold all Silgan Holdings Inc. shares owned while 52 reduced positions. 17 funds bought stakes while 84 increased positions. They now own 40.53 million shares or 0.02% more from 40.52 million shares in 2016Q1.
Stifel Fincl Corporation accumulated 12,194 shares or 0% of the stock. The Michigan-based Comerica Bancorporation has invested 0.01% in Silgan Holdings Inc. (NASDAQ:SLGN). Shoker Investment Counsel Incorporated holds 0.28% of its portfolio in Silgan Holdings Inc. (NASDAQ:SLGN) for 6,148 shares. Finance Architects last reported 863 shares in the company. First Lp, a Illinois-based fund reported 42,015 shares. Com Fincl Bank holds 0.01% of its portfolio in Silgan Holdings Inc. (NASDAQ:SLGN) for 7,110 shares. Eagle Boston Inv Inc accumulated 101,116 shares or 0.71% of the stock. Panagora Asset Mgmt holds 1,060 shares or 0% of its portfolio. Citigroup last reported 22,057 shares in the company. Moreover, Aperio Group Ltd Liability Co has 0% invested in Silgan Holdings Inc. (NASDAQ:SLGN) for 5,602 shares. Massmutual Fsb Adv, a Connecticut-based fund reported 7,790 shares. Moreover, Finemark Bancorp & Tru has 0% invested in Silgan Holdings Inc. (NASDAQ:SLGN) for 585 shares. Orrstown Financial Services has invested 0% of its portfolio in Silgan Holdings Inc. (NASDAQ:SLGN). Pnc Svcs Group holds 859 shares or 0% of its portfolio. Mutual Of America Capital Management Lc has 30,367 shares for 0.03% of their US portfolio.

Insider Transactions: Since May 25, 2016, the stock had 0 insider purchases, and 3 sales for $137,675 net activity. Another trade for 1,000 shares valued at $48,049 was made by Prinzen B Frederik on Thursday, August 18. Andreacchi Anthony P sold $59,194 worth of stock.

Silgan Holdings Inc. (NASDAQ:SLGN) Ratings Coverage

Out of 10 analysts covering Silgan Holdings Inc. (NASDAQ:SLGN), 2 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 20% are positive. Silgan Holdings Inc. has been the topic of 14 analyst reports since September 15, 2015 according to StockzIntelligence Inc. Citigroup maintained the shares of SLGN in a report on Tuesday, July 19 with “Neutral” rating. Barclays Capital maintained the stock with “Equal Weight” rating in Monday, October 26 report. On Tuesday, November 10 the stock rating was initiated by Macquarie Research with “Neutral”. Citigroup maintained the stock with “Neutral” rating in Tuesday, August 2 report. As per Tuesday, January 5, the company rating was upgraded by Robert W. Baird. The rating was initiated by Goldman Sachs on Thursday, May 12 with “Neutral”. The firm has “Sell” rating given on Monday, September 21 by Zacks. As per Friday, March 18, the company rating was downgraded by Bank of America. JP Morgan initiated Silgan Holdings Inc. (NASDAQ:SLGN) rating on Tuesday, September 13. JP Morgan has “Neutral” rating and $51 price target. On Thursday, January 21 the stock rating was upgraded by BMO Capital Markets to “Market Perform”.

SLGN Company Profile

Silgan Holdings Inc. (Silgan), incorporated on April 6, 1989, is a maker of rigid packaging for shelf-stable food and other consumer goods products. The Firm operates through three divisions: metal container, closures and plastic container. The Company’s products include steel and aluminum containers for human and pet food and general line products; metal, composite and plastic closures for food and beverage products, and custom designed plastic containers and closures for personal care, food, healthcare, pharmaceutical, household and industrial chemical, pet care, agricultural, automotive and marine chemical products. It operates approximately 90 manufacturing plants in North America, Europe, Asia and South America.

Another recent and important Silgan Holdings Inc. (NASDAQ:SLGN) news was published by Nasdaq.com which published an article titled: “Silgan Holdings (SLGN) Shares Cross Below 200 DMA” on November 17, 2011.

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 Marie Mckinney


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

>