Short Interest Worth Watching: What Next for Schulman A Incorporated (NASDAQ:SHLM) Stock After Increase in Shorted Shares?

November 16, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Worth Watching: What Next for Schulman A Incorporated (NASDAQ:SHLM) Stock After Increase in Shorted Shares?

The stock of Schulman A Incorporated (NASDAQ:SHLM) registered an increase of 21.34% in short interest. SHLM’s total short interest was 1.10M shares in November as published by FINRA. Its up 21.34% from 909,200 shares, reported previously. With 221,500 shares average volume, it will take short sellers 5 days to cover their SHLM’s short positions. The short interest to Schulman A Incorporated’s float is 3.87%. The stock increased 2.38% or $0.8 during the last trading session, hitting $34.35. A Schulman Inc (NASDAQ:SHLM) has risen 28.17% since April 14, 2016 and is uptrending. It has outperformed by 23.49% the S&P500.

A. Schulman, Inc. is an international supplier of plastic formulations, resins and services, and provides solutions to its customers’ requirements through custom-formulated products. The company has a market cap of $1.03 billion. The Company’s clients span a range of markets, such as packaging, mobility, building and construction, electronics and electrical, agriculture, personal care and hygiene, custom services, and sports, home and leisure. It currently has negative earnings. The Company’s divisions include Europe, Middle East and Africa , the United States and Canada (USCAN), Latin America (LATAM), Asia Pacific (APAC) and Engineered Composites (EC).

Insitutional Activity: The institutional sentiment increased to 1.62 in Q2 2016. Its up 0.15, from 1.47 in 2016Q1. The ratio is positive, as 16 funds sold all A Schulman Inc shares owned while 36 reduced positions. 29 funds bought stakes while 55 increased positions. They now own 25.50 million shares or 4.16% less from 26.60 million shares in 2016Q1.
Hutchin Hill Limited Partnership last reported 0.03% of its portfolio in the stock. Lsv Asset Mgmt last reported 338,438 shares in the company. Ridgeworth Cap Limited Company last reported 25,978 shares in the company. First Bank & Trust Of Omaha holds 0.05% or 27,450 shares in its portfolio. State Of Tennessee Treasury Department owns 23,350 shares or 0% of their US portfolio. Citigroup Inc accumulated 16,037 shares or 0% of the stock. Texas Permanent School Fund accumulated 22,326 shares or 0.01% of the stock. Great West Life Assurance Com Can owns 3,758 shares or 0% of their US portfolio. Citadel Ltd Com holds 0% of its portfolio in A Schulman Inc (NASDAQ:SHLM) for 135,493 shares. The Minnesota-based Arbor Mgmt Limited Liability Company has invested 0.74% in A Schulman Inc (NASDAQ:SHLM). Blackrock has 0% invested in the company for 8,112 shares. Ironwood Investment Mgmt Ltd Liability Corporation has 0.72% invested in the company for 39,450 shares. Glenmede Tru Na last reported 4,800 shares in the company. Snow Capital Management Limited Partnership has 44,435 shares for 0.05% of their US portfolio. Us Financial Bank De holds 0% of its portfolio in A Schulman Inc (NASDAQ:SHLM) for 28,415 shares.

Insider Transactions: Since July 6, 2016, the stock had 2 buys, and 1 sale for $1.67 million net activity. MITAROTONDA JAMES A bought $1.10 million worth of stock or 50,000 shares. On Wednesday, July 6 the insider Mishic Patricia M. sold $37,545.

A Schulman Inc (NASDAQ:SHLM) Ratings Coverage

Out of 7 analysts covering Schulman A (NASDAQ:SHLM), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. $47 is the highest target while $36 is the lowest. The $42 average target is 22.27% above today’s ($34.35) stock price. Schulman A has been the topic of 14 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, October 28 by Northcoast. On Thursday, August 13 the stock rating was upgraded by Global Hunter Securities to “Accumulate”. TheStreet downgraded the shares of SHLM in a report on Tuesday, August 25 to “Buy” rating. The firm earned “Hold” rating on Monday, August 15 by Gabelli. On Tuesday, August 18 the stock rating was upgraded by Sidoti to “Buy”. As per Thursday, August 11, the company rating was downgraded by Longbow. The company was upgraded on Tuesday, September 22 by Zacks. The stock of A Schulman Inc (NASDAQ:SHLM) has “Buy” rating given on Friday, August 26 by Northcoast. The stock has “Sector Weight” rating given by KeyBanc Capital Markets on Monday, March 14. The rating was upgraded by Longbow to “Buy” on Wednesday, January 6.

SHLM Company Profile

A. Schulman, Inc., incorporated on August 20, 1969, is an international supplier of plastic formulations, resins and services, and provides solutions to its customers’ requirements through custom-formulated products. The Company’s clients span a range of markets, such as packaging, mobility, building and construction, electronics and electrical, agriculture, personal care and hygiene, custom services, and sports, home and leisure. The Company’s divisions include Europe, Middle East and Africa (EMEA), the United States and Canada (USCAN), Latin America (LATAM), Asia Pacific (APAC) and Engineered Composites (EC). As of August 31, 2016, the Company operated in six product families, including custom performance colors (CPC), engineered composites, Masterbatch solutions, engineered plastics, specialty powders and distribution services.

More notable recent A Schulman Inc (NASDAQ:SHLM) news were published by: Crainscleveland.com which released: “A. Schulman Inc. names chief operating officer” on August 22, 2016, also Crainscleveland.com with their article: “A. Schulman Inc. announces another top-level change by naming new chief …” published on October 03, 2016, Fool.com published: “Why Shares of A. Schulman Inc. Plunged 35% Today” on August 11, 2016. More interesting news about A Schulman Inc (NASDAQ:SHLM) were released by: Crainscleveland.com and their article: “A. Schulman Inc. discloses financial terms of separation agreement with its …” published on October 18, 2016 as well as Crainscleveland.com‘s news article titled: “A. Schulman Inc. adds capacity in Germany” with publication date: February 10, 2016.

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By Linda Rogers


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