Short Interest Don’t Lie: Could Advansix Incorporated (NYSE:ASIX) See a Reversal After Less Sellers Came In?

November 24, 2016 - By Louis Casey   ·   0 Comments

Short Interest Don't Lie: Could Advansix Incorporated (NYSE:ASIX) See a Reversal After Less Sellers Came In?

The stock of Advansix Incorporated (NYSE:ASIX) registered a decrease of 35.67% in short interest. ASIX’s total short interest was 320,800 shares in November as published by FINRA. Its down 35.67% from 498,700 shares, reported previously. With 616,200 shares average volume, it will take short sellers 1 days to cover their ASIX’s short positions. The stock increased 0.71% or $0.14 on November 23, hitting $19.77. AdvanSix Inc (NYSE:ASIX) has risen 6.00% since October 25, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.

AdvanSix Inc. is a manufacturer of Nylon 6, a polymer resin, which is a synthetic material used in the production of engineered plastics, fibers, filaments and films are used in various end-products. The company has a market cap of $609.74 million. The Company’s end-products include automotive and electronic components, carpets, sports apparel, fishing nets, and food and industrial packaging. It has a 8.13 P/E ratio. The Firm also produces and sells various by-products, such as Caprolactam, Ammonium sulfate fertilizer, Acetone and other intermediate chemicals, which are used in process of manufacturing Nylon 6.

ASIX Company Profile

AdvanSix Inc. is a maker of Nylon 6, a polymer resin, which is a synthetic material used in the production of engineered plastics, fibers, filaments and films are used in various end-products. The Company’s end-products include automotive and electronic components, carpets, sports apparel, fishing nets, and food and industrial packaging.

More notable recent AdvanSix Inc (NYSE:ASIX) news were published by: Forbes.com which released: “Digging Into Honeywell’s AdvanSix Spinoff” on June 03, 2016, also Seekingalpha.com with their article: “AdvanSix: Post Spin-Off” published on October 13, 2016, Seekingalpha.com published: “Digging Deeper Into Honeywell’s Upcoming AdvanSix Spin-Off” on September 09, 2016. More interesting news about AdvanSix Inc (NYSE:ASIX) were released by: Marketwatch.com and their article: “Honeywell to pay spinoff dividend for its AdvanSix business on Oct. 1” published on September 07, 2016 as well as Quotes.Wsj.com‘s news article titled: “AdvanSix Inc. ASIX (US: NYSE)” with publication date: October 03, 2016.

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By Louis Casey


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