Short Interest of The Day: Will Xerium Tech Incorporated (NYSE:XRM) Run Out of Steam Soon? Short Interest is Up

November 22, 2016 - By Darrin Black   ·   0 Comments

Short Interest of The Day: Will Xerium Tech Incorporated (NYSE:XRM) Run Out of Steam Soon? Short Interest is Up

The stock of Xerium Tech Incorporated (NYSE:XRM) registered an increase of 5.06% in short interest. XRM’s total short interest was 116,300 shares in November as published by FINRA. Its up 5.06% from 110,700 shares, reported previously. With 37,500 shares average volume, it will take short sellers 3 days to cover their XRM’s short positions. The short interest to Xerium Tech Incorporated’s float is 1.07%. The stock decreased 2.00% or $0.13 on November 21, hitting $6.38. Xerium Technologies, Inc. (NYSE:XRM) has risen 17.50% since April 20, 2016 and is uptrending. It has outperformed by 12.94% the S&P500.

Xerium Technologies, Inc. is a maker and supplier of over two types of consumable products used in the production of paper: machine clothing and roll covers. The company has a market cap of $103.84 million. The Firm markets its products through brands, such as Huyck Wangner, Weavexx, Stowe Woodward, Mount Hope, Robec and Xibe. It currently has negative earnings. The Firm operates in two divisions: machine clothing and roll covers.

Insitutional Activity: The institutional sentiment increased to 0.82 in 2016 Q2. Its up 0.21, from 0.61 in 2016Q1. The ratio improved, as 18 funds sold all Xerium Technologies, Inc. shares owned while 28 reduced positions. 10 funds bought stakes while 18 increased positions. They now own 8.15 million shares or 7.79% less from 8.84 million shares in 2016Q1.
Archer Cap Management Limited Partnership has 440,579 shares for 0.55% of their US portfolio. Renaissance Tech Lc accumulated 294,200 shares or 0% of the stock. Bancorp Of America De holds 0% of its portfolio in Xerium Technologies, Inc. (NYSE:XRM) for 79,706 shares. Robotti Robert holds 0.98% or 425,580 shares in its portfolio. Arcadia Investment Mngmt Mi, a Michigan-based fund reported 3,685 shares. Millennium Mngmt Lc owns 45,388 shares or 0% of their US portfolio. Gilman Hill Asset Limited Liability Com has 0.04% invested in the company for 13,482 shares. Moab Cap Ptnrs Lc accumulated 271,879 shares or 0.55% of the stock. The Delaware-based Blackrock Advsrs Ltd Llc has invested 0% in Xerium Technologies, Inc. (NYSE:XRM). Moreover, Paloma Prtn Mngmt Communication has 0% invested in Xerium Technologies, Inc. (NYSE:XRM) for 43,753 shares. Parametric Port Assocs Llc last reported 106,067 shares in the company. Buckhead Cap Llc owns 237,445 shares or 0.28% of their US portfolio. Invesco Limited has 42,007 shares for 0% of their US portfolio. Thompson Davis And Inc holds 0% or 250 shares in its portfolio. Morgan Stanley reported 12,883 shares or 0% of all its holdings.

XRM Company Profile

Xerium Technologies, Inc. (Xerium), incorporated on October 29, 2002, is a maker and supplier of over two types of consumable products used in the production of paper: machine clothing and roll covers. The Firm markets its products through brands, such as Huyck Wangner, Weavexx, Stowe Woodward, Mount Hope, Robec and Xibe. The Firm operates in two divisions: machine clothing and roll covers. The Company’s machine clothing segment products include various types of industrial textiles used on paper-making machines and makes spreader rolls. Through its roll covers segment, it makes various types of roll covers, refurbishes previously installed roll covers, provides mechanical services for the internal mechanisms of rolls used on paper-making machines, and makes spreader rolls. In addition, its products are also installed in other industrial applications, such as non-woven and fiber cement machines.

More recent Xerium Technologies, Inc. (NYSE:XRM) news were published by: Quotes.Wsj.com which released: “News Xerium Technologies Inc.XRM” on February 11, 2011. Also Businesswire.com published the news titled: “Xerium Technologies, Inc. Announces Pricing of Senior Secured Notes Offering” on July 27, 2016. Bizjournals.com‘s news article titled: “Xerium Technologies Inc. to close Virginia manufacturing plant” with publication date: October 16, 2015 was also an interesting one.

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By Darrin Black


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