Short Interest to Follow: What Will Happen to Usg Corporation (NYSE:USG) Next? The Stock Has Increase in Shorts

November 18, 2016 - By Louis Casey   ·   0 Comments

Short Interest to Follow: What Will Happen to Usg Corporation (NYSE:USG) Next? The Stock Has Increase in Shorts

The stock of Usg Corporation (NYSE:USG) registered an increase of 3.96% in short interest. USG’s total short interest was 8.88 million shares in November as published by FINRA. Its up 3.96% from 8.55M shares, reported previously. With 1.76 million shares average volume, it will take short sellers 5 days to cover their USG’s short positions. The short interest to Usg Corporation’s float is 9.74%. About 563,522 shares traded hands. USG Corporation (NYSE:USG) has risen 3.27% since April 18, 2016 and is uptrending. It has underperformed by 1.16% the S&P500.

USG Corporation is a manufacturer and distributor of building materials. The company has a market cap of $4.27 billion. The Firm produces a range of products for use in new residential, new nonresidential, and residential and nonresidential repair and remodel construction, as well as products used in certain industrial processes. It has a 4.18 P/E ratio. The Company’s divisions include Gypsum, Ceilings, Distribution, and USG Boral Building Products.

Insitutional Activity: The institutional sentiment decreased to 0.84 in 2016 Q2. Its down 0.09, from 0.93 in 2016Q1. The ratio turned negative, as 29 funds sold all USG Corporation shares owned while 85 reduced positions. 46 funds bought stakes while 60 increased positions. They now own 117.13 million shares or 1.67% less from 119.12 million shares in 2016Q1.
Bokf Na holds 0.03% or 28,329 shares in its portfolio. The Georgia-based Signaturefd Ltd Company has invested 0% in USG Corporation (NYSE:USG). Dupont Mgmt Corporation holds 0.1% or 169,632 shares in its portfolio. Wells Fargo Mn holds 0% of its portfolio in USG Corporation (NYSE:USG) for 122,799 shares. Gotham Asset Mgmt Lc holds 505,587 shares or 0.16% of its portfolio. Sg Americas Secs Limited Liability Co has 6,127 shares for 0% of their US portfolio. High Pointe Mngmt Ltd Company owns 14,040 shares or 0.58% of their US portfolio. Next Gru last reported 0.01% of its portfolio in the stock. Fny Managed Accounts Ltd holds 600 shares or 0% of its portfolio. The Florida-based Raymond James And Associate has invested 0% in USG Corporation (NYSE:USG). State Of New Jersey Common Pension Fund D holds 0.01% or 100,000 shares in its portfolio. Scotia has 10,915 shares for 0.01% of their US portfolio. California State Teachers Retirement System accumulated 0.01% or 189,636 shares. Moreover, Morgan Stanley has 0.01% invested in USG Corporation (NYSE:USG) for 827,670 shares. California Pub Employees Retirement Sys accumulated 0.01% or 204,600 shares.

USG Corporation (NYSE:USG) Ratings Coverage

Out of 14 analysts covering USG Corporation (NYSE:USG), 6 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 43% are positive. USG Corporation has been the topic of 24 analyst reports since July 29, 2015 according to StockzIntelligence Inc. As per Monday, February 8, the company rating was maintained by RBC Capital Markets. Vertical Research upgraded the stock to “Buy” rating in Monday, September 19 report. The rating was maintained by Goldman Sachs on Wednesday, May 4 with “Neutral”. The rating was maintained by Wedbush with “Neutral” on Thursday, October 27. The firm has “Hold” rating by Jefferies given on Thursday, September 22. The stock of USG Corporation (NYSE:USG) has “Neutral” rating given on Wednesday, July 6 by Wedbush. Zacks downgraded the stock to “Buy” rating in Saturday, August 29 report. The rating was upgraded by Northcoast to “Buy” on Wednesday, November 18. The stock of USG Corporation (NYSE:USG) earned “Outperform” rating by RBC Capital Markets on Tuesday, September 13. The firm earned “Hold” rating on Wednesday, July 27 by Jefferies.

USG Company Profile

USG Corporation, incorporated on October 22, 1984, is a maker and distributor of building materials. The Firm produces a range of products for use in new residential, new nonresidential, and residential and nonresidential repair and remodel construction, as well as products used in certain industrial processes. The Company’s products are distributed through building materials dealers, home improvement centers and other retailers, specialty wallboard distributors, and contractors. The Company’s divisions include Gypsum, Ceilings, Distribution, and USG Boral Building Products.

More recent USG Corporation (NYSE:USG) news were published by: Prnewswire.com which released: “EY and USG Corporation Recognized for Exemplary Corporate Diversity and …” on November 07, 2016. Also Businesswire.com published the news titled: “USG Corporation Recognized as One of Canada’s Safest Companies” on October 27, 2016. Businesswire.com‘s news article titled: “USG Corporation Completes $670 Million Sale of L&W Supply to ABC Supply” with publication date: October 31, 2016 was also an interesting one.

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By Louis Casey


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