Short Interest To Observe: Could Simpson Manufacturing Company Incorporated (NYSE:SSD) Change Direction After More Shorts?

November 16, 2016 - By Ellis Scott   ·   0 Comments

Short Interest To Observe: Could Simpson Manufacturing Company Incorporated (NYSE:SSD) Change Direction After More Shorts?

The stock of Simpson Manufacturing Company Incorporated (NYSE:SSD) registered an increase of 12.51% in short interest. SSD’s total short interest was 1.32M shares in November as published by FINRA. Its up 12.51% from 1.17M shares, reported previously. With 157,500 shares average volume, it will take short sellers 8 days to cover their SSD’s short positions. The short interest to Simpson Manufacturing Company Incorporated’s float is 3.08%. About 130,136 shares traded hands. Simpson Manufacturing Co, Inc. (NYSE:SSD) has risen 17.23% since April 14, 2016 and is uptrending. It has outperformed by 12.54% the S&P500.

Simpson Manufacturing Co., Inc. through its subsidiary, Simpson Strong-Tie Company Inc. , designs, engineers and makes wood construction products, including connectors, truss plates, fastening systems and lateral systems used in light-frame construction. The company has a market cap of $2.15 billion. It also offers concrete construction products used for concrete, masonry, steel and for concrete repair, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials. It has a 25.3 P/E ratio. It operates in three divisions: North America, Europe and Asia/Pacific.

Insitutional Activity: The institutional sentiment decreased to 0.84 in 2016 Q2. Its down 0.34, from 1.18 in 2016Q1. The ratio dived, as 13 funds sold all Simpson Manufacturing Co, Inc. shares owned while 63 reduced positions. 19 funds bought stakes while 45 increased positions. They now own 38.72 million shares or 4.40% more from 37.09 million shares in 2016Q1.
Profund Advisors Limited Liability Corp, a Maryland-based fund reported 8,461 shares. Moreover, State Of Tennessee Treasury Department has 0.01% invested in Simpson Manufacturing Co, Inc. (NYSE:SSD) for 33,284 shares. Strs Ohio last reported 27,800 shares in the company. Texas Permanent School Fund accumulated 0.02% or 31,403 shares. The New York-based Fourpoints Invest Managers Sas has invested 2.19% in Simpson Manufacturing Co, Inc. (NYSE:SSD). Bancorp Of New York Mellon, a New York-based fund reported 2.04M shares. The Colorado-based Employees Retirement Association Of Colorado has invested 0% in Simpson Manufacturing Co, Inc. (NYSE:SSD). Proshare Limited Liability Corporation last reported 0% of its portfolio in the stock. Susquehanna Interest Group Incorporated Llp owns 44,265 shares or 0% of their US portfolio. The New York-based Blackrock Inc has invested 0% in Simpson Manufacturing Co, Inc. (NYSE:SSD). Conestoga Cap Advsrs Lc accumulated 2.66% or 900,420 shares. Paradigm Asset Management Ltd Liability Company holds 17,200 shares or 0% of its portfolio. Moreover, Hermes Investment Management Ltd has 0.34% invested in Simpson Manufacturing Co, Inc. (NYSE:SSD) for 417,411 shares. Schroder Mgmt Group has invested 0.04% of its portfolio in Simpson Manufacturing Co, Inc. (NYSE:SSD). Ameriprise Fin Inc reported 744,708 shares or 0.02% of all its holdings.

Insider Transactions: Since September 14, 2016, the stock had 0 buys, and 2 selling transactions for $228,161 net activity. Shares for $152,588 were sold by Arevalo Ricardo M on Wednesday, September 14. Mackenzie Jeffrey Eric sold 1,669 shares worth $75,573.

SSD Company Profile

Simpson Manufacturing Co., Inc., incorporated on February 23, 1999, through its subsidiary, Simpson Strong-Tie Company Inc. (SST), designs, engineers and makes wood construction products, including connectors, truss plates, fastening systems, fasteners and lateral systems used in light-frame construction. The Firm also offers concrete construction products used for concrete, masonry, steel and for concrete repair, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials. The Firm operates through three divisions: North America, Europe and Asia/Pacific. The Firm makes and markets building and construction products in residential and commercial applications.

More recent Simpson Manufacturing Co, Inc. (NYSE:SSD) news were published by: Prnewswire.com which released: “Simpson Manufacturing Co., Inc. Announces Capital Allocation Strategy Update” on August 24, 2016. Also Marketwatch.com published the news titled: “Virtual Stock Exchange” on February 05, 2011. Finance.Yahoo.com‘s news article titled: “Simpson Manufacturing Co., Inc. Announces Third Quarter Results” with publication date: October 27, 2016 was also an interesting one.

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By Ellis Scott


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