Short Interest Change: Valspar Corporation (NYSE:VAL) Could Burn Your Long Portfolio After More Shorts

November 18, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Change: Valspar Corporation (NYSE:VAL) Could Burn Your Long Portfolio After More Shorts

The stock of Valspar Corporation (NYSE:VAL) registered an increase of 4.73% in short interest. VAL’s total short interest was 2.14M shares in November as published by FINRA. Its up 4.73% from 2.04 million shares, reported previously. With 281,000 shares average volume, it will take short sellers 8 days to cover their VAL’s short positions. The short interest to Valspar Corporation’s float is 2.91%. About 150,827 shares traded hands. The Valspar Corp (NYSE:VAL) has declined 5.26% since April 18, 2016 and is downtrending. It has underperformed by 9.69% the S&P500.

The Valspar Corporation is engaged in developing, manufacturing and distributing a range of coatings, paints and related products. The company has a market cap of $8.04 billion. The Firm operates through two divisions: Coatings and Paints. It has a 23.33 P/E ratio. The Coatings segment includes its industrial product lines and packaging product line.

Insitutional Activity: The institutional sentiment decreased to 1.08 in Q2 2016. Its down 0.09, from 1.17 in 2016Q1. The ratio dropped, as 39 funds sold all The Valspar Corp shares owned while 101 reduced positions. 59 funds bought stakes while 105 increased positions. They now own 55.26 million shares or 3.65% less from 57.35 million shares in 2016Q1.
Shell Asset Mngmt Com accumulated 0.02% or 8,274 shares. Moreover, Utah Retirement has 0.04% invested in The Valspar Corp (NYSE:VAL) for 14,348 shares. Moreover, Glenmede Tru Na has 0% invested in The Valspar Corp (NYSE:VAL) for 606 shares. Capital Fund Management Sa owns 6,966 shares or 0.01% of their US portfolio. Stifel has 0.05% invested in the company for 97,100 shares. Albion Group Ut last reported 1.10M shares in the company. Henderson Group Public Ltd last reported 0% of its portfolio in the stock. Tiaa Cref Invest Ltd Company last reported 135,999 shares in the company. Moreover, Ing Groep Nv has 0.15% invested in The Valspar Corp (NYSE:VAL) for 100,000 shares. Bartlett And Limited Liability holds 59,390 shares or 0.32% of its portfolio. State Of Alaska Department Of Revenue last reported 41,870 shares in the company. Dorsey And Whitney Communication Limited Liability has 94,911 shares for 2.35% of their US portfolio. Crawford Investment Counsel Inc last reported 0.03% of its portfolio in the stock. Gluskin Sheff & accumulated 0.14% or 14,430 shares. Highbridge Cap Management Limited Liability Com holds 0.39% of its portfolio in The Valspar Corp (NYSE:VAL) for 220,000 shares.

The Valspar Corp (NYSE:VAL) Ratings Coverage

Out of 10 analysts covering Valspar (NYSE:VAL), 0 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 0 are positive. Valspar has been the topic of 18 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The company was initiated on Tuesday, January 5 by Seaport Global Securities. The company was downgraded on Wednesday, November 25 by JP Morgan. As per Monday, March 21, the company rating was upgraded by RBC Capital Markets. The stock of The Valspar Corp (NYSE:VAL) has “Neutral” rating given on Tuesday, March 22 by Credit Suisse. On Tuesday, March 8 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. JP Morgan downgraded The Valspar Corp (NYSE:VAL) on Tuesday, August 11 to “Overweight” rating. The firm earned “Neutral” rating on Tuesday, March 22 by Longbow. On Monday, March 21 the stock rating was downgraded by Deutsche Bank to “Hold”. As per Tuesday, March 22, the company rating was downgraded by Northcoast. JP Morgan upgraded it to “Overweight” rating and $83 target price in Friday, September 18 report.

VAL Company Profile

The Valspar Corporation, incorporated on December 3, 1934, is engaged in developing, manufacturing and distributing a range of coatings, paints and related products. The Firm operates through two divisions: Coatings and Paints. The Firm makes and sells specialty polymers and colorants. The Firm also sells furniture protection plans, and furniture care and repair products under the Guardsman brand.

More recent The Valspar Corp (NYSE:VAL) news were published by: Startribune.com which released: “CEO Pay Watch: Gary Hendrickson, Valspar Corp.” on January 23, 2016. Also Etfdailynews.com published the news titled: “Sherwin-Williams Co, The Valspar Corp: A Perfect Color Match In Paint Industry …” on March 28, 2016. Reuters.com‘s news article titled: “Sherwin-Williams paint company to buy Valspar for $9.3 billion” with publication date: March 20, 2016 was also an interesting one.

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By Nellie Frank


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