Short Interest Coverage: Could Domtar Corporation (NYSE:UFS) Change Direction After More Shorts?

November 18, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Coverage: Could Domtar Corporation (NYSE:UFS) Change Direction After More Shorts?

The stock of Domtar Corporation (NYSE:UFS) registered an increase of 5.03% in short interest. UFS’s total short interest was 2.65M shares in November as published by FINRA. Its up 5.03% from 2.53 million shares, reported previously. With 539,300 shares average volume, it will take short sellers 5 days to cover their UFS’s short positions. About 119,428 shares traded hands. Domtar Corp (USA) (NYSE:UFS) has declined 8.96% since April 18, 2016 and is downtrending. It has underperformed by 13.39% the S&P500.

Domtar Corporation designs, manufactures, markets and distributes a range of fiber products, including communication papers, specialty and packaging papers and absorbent hygiene products. The company has a market cap of $2.46 billion. The Firm operates through two business divisions: Pulp and Paper, and Personal Care. It has a 17.58 P/E ratio. The Company’s Pulp and Paper segment is engaged in the designing, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp.

Insitutional Activity: The institutional sentiment increased to 1.33 in 2016 Q2. Its up 0.36, from 0.97 in 2016Q1. The ratio is positive, as 29 funds sold all Domtar Corp (USA) shares owned while 89 reduced positions. 27 funds bought stakes while 88 increased positions. They now own 51.73 million shares or 4.13% less from 53.95 million shares in 2016Q1.
Paloma Prtn Mgmt owns 10,930 shares or 0% of their US portfolio. State Of Wisconsin Invest Board holds 0.02% of its portfolio in Domtar Corp (USA) (NYSE:UFS) for 118,054 shares. Tiaa Cref Investment Mngmt Ltd Liability holds 0.01% or 198,675 shares in its portfolio. Van Eck Corp reported 1,681 shares or 0% of all its holdings. Trust Department Mb Fincl Bank N A accumulated 0.01% or 2,000 shares. Capital Fund Mngmt accumulated 0.01% or 30,382 shares. Cipher Cap Limited Partnership, a New York-based fund reported 17,349 shares. First Citizens Bancorp Tru Com accumulated 0.03% or 9,388 shares. Profund Advisors Ltd Liability Corporation last reported 0.03% of its portfolio in the stock. Dean Invest Assoc Ltd last reported 0.9% of its portfolio in the stock. Moreover, Credit Agricole S A has 0% invested in Domtar Corp (USA) (NYSE:UFS) for 8,708 shares. Northern has invested 0.02% of its portfolio in Domtar Corp (USA) (NYSE:UFS). Wedge L Lp Nc holds 0% of its portfolio in Domtar Corp (USA) (NYSE:UFS) for 13,639 shares. Goldman Sachs Grp Inc accumulated 0% or 403,161 shares. Cantab Capital Prns Limited Liability Partnership has 2,334 shares for 0% of their US portfolio.

Domtar Corp (USA) (NYSE:UFS) Ratings Coverage

Out of 7 analysts covering Domtar Corp. (NYSE:UFS), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. Domtar Corp. has been the topic of 11 analyst reports since October 15, 2015 according to StockzIntelligence Inc. The stock of Domtar Corp (USA) (NYSE:UFS) earned “Underperform” rating by DA Davidson on Friday, July 8. The firm earned “Underperform” rating on Wednesday, April 6 by Bank of America. As per Monday, October 3, the company rating was upgraded by Bank of America. The rating was maintained by Citigroup on Tuesday, August 2 with “Neutral”. The rating was upgraded by Macquarie Research to “Outperform” on Tuesday, November 10. The firm has “Neutral” rating given on Thursday, September 22 by Goldman Sachs. The company was downgraded on Friday, April 15 by National Bank Canada.

UFS Company Profile

Domtar Corporation, incorporated on August 16, 2006, designs, makes, markets and distributes a range of fiber products, including communication papers, specialty and packaging papers and absorbent hygiene products. The Firm operates through two business divisions: Pulp and Paper, and Personal Care. The Company’s Pulp and Paper segment is engaged in the designing, manufacturing, marketing and distribution of communication, specialty and packaging papers, as well as softwood, fluff and hardwood market pulp. The Company’s Personal Care segment is involved in the designing, manufacturing, marketing and distribution of absorbent hygiene products. The Firm is an integrated marketer of uncoated freesheet paper in North America serving a range of customers, including merchants, retail outlets, stationers, printers, publishers, converters and end users. It is also a marketer and producer of a range of incontinence care products, marketed under the Attends, IncoPack and Indasec brand names, as well as infant diapers.

More recent Domtar Corp (USA) (NYSE:UFS) news were published by: Marketwatch.com which released: “Domtar downgraded to underperform from neutral at DA Davidson” on December 21, 2009. Also Investorplace.com published the news titled: “Best Stocks of 2016: Domtar Corp (USA) (UFS) Could Make a Comeback” on October 05, 2016. Investorplace.com‘s news article titled: “Best Stocks of 2016: Domtar Corp (USA) (UFS) Is Hurt But Healing” with publication date: July 01, 2016 was also an interesting one.

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By Peter Erickson


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