Short Interest Buzzer: TMK OAO (OTCMKTS:TMKXY)’s Stock Is Sell After More Market Selling

November 17, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Buzzer: TMK OAO (OTCMKTS:TMKXY)'s Stock Is Sell After More Market Selling

The stock of TMK OAO (OTCMKTS:TMKXY) registered an increase of 88.89% in short interest. TMKXY’s total short interest was 1,700 shares in November as published by FINRA. Its up 88.89% from 900 shares, reported previously. With 700 shares average volume, it will take short sellers 2 days to cover their TMKXY’s short positions. The stock last traded at $4.3 per share. It is down 48.28% since April 15, 2016 and is uptrending. It has outperformed by 43.65% the S&P500.

Trubnaya Metallurgicheskaya Kompaniya PAO , formerly Trubnaya Metallurgicheskaya Kompaniya OAO, is a Russia company, which is engaged in the production and distribution of seamless and welded pipes for the gas and oil industry and for general use. The company has a market cap of $1.11 billion. The Company’s product lines include drill pipe, oil country tubular goods (OCTG), line pipe, boiler tube, mechanical pipe and structural pipe made of carbon, alloy and stainless steel. It currently has negative earnings. It also focuses on the provision of consulting service to enterprises involved in the pipeline industry, located domestically, as well as abroad.

More notable recent Trubnaya Metallurgichsky Kmpny PAO-ADR (OTCMKTS:TMKXY) news were published by: Reuters.com which released: “Russia’s TMK sees U.S. unit EBITDA at $150 mln by 2020-2021” on August 29, 2016, also Reuters.com with their article: “Russia’s TMK recommends H1 dividend of 1.94 rbls/share” published on August 26, 2016, Reuters.com published: “Russia’s TMK needs to refinance $450 mln in 2016 – VP” on August 19, 2016. More interesting news about Trubnaya Metallurgichsky Kmpny PAO-ADR (OTCMKTS:TMKXY) were released by: Reuters.com and their article: “TMK announces creation of TMK Industrial Solutions” published on May 12, 2016 as well as Reuters.com‘s news article titled: “Trubnaya Metallurgicheskaya Kompaniya OAO places 5 billion roubles bonds” with publication date: April 13, 2016.

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