Breaking Short Interest: What’s in Castle A M & Company (NYSE:CAS) After Rise in Shorted Shares?

November 28, 2016 - By Clifton Ray   ·   0 Comments

Breaking Short Interest: What’s in Castle A M & Company (NYSE:CAS) After Rise in Shorted Shares?

The stock of Castle A M & Company (NYSE:CAS) registered an increase of 0.54% in short interest. CAS’s total short interest was 1.48 million shares in November as published by FINRA. Its up 0.54% from 1.47 million shares, reported previously. With 122,500 shares average volume, it will take short sellers 12 days to cover their CAS’s short positions. The short interest to Castle A M & Company’s float is 8.52%. About 156,677 shares traded hands. A. M. Castle & Co (NYSE:CAS) has declined 87.37% since April 25, 2016 and is downtrending. It has underperformed by 93.39% the S&P500.

A. M. Castle & Co. is a specialty metals distribution company. The company has a market cap of $11.69 million. The Firm operates through two divisions: Metal and Plastics. It currently has negative earnings. In its Metals segment, the Company focuses on distributing engineered specialty grades and alloys of metals, as well as providing specialized processing services.

Insitutional Activity: The institutional sentiment decreased to 0.47 in 2016 Q2. Its down 0.47, from 0.94 in 2016Q1. The ratio dived, as 6 funds sold all A. M. Castle & Co shares owned while 10 reduced positions. 8 funds bought stakes while 7 increased positions. They now own 13.31 million shares or 1.05% less from 13.45 million shares in 2016Q1.
Osterweis owns 2.41 million shares or 0.25% of their US portfolio. Bankshares Of America Corp De accumulated 640 shares or 0% of the stock. Whitebox Limited Liability, a Minnesota-based fund reported 122,736 shares. Renaissance Technologies Ltd Liability Company holds 0% or 45,200 shares in its portfolio. Us Fincl Bank De, a Minnesota-based fund reported 68,573 shares. Moreover, Nantahala Cap Mgmt Limited Liability has 0.02% invested in A. M. Castle & Co (NYSE:CAS) for 134,764 shares. Shufro Rose Ltd Co has 0% invested in the company for 13,000 shares. Manufacturers Life Insurance The last reported 841 shares in the company. Balasa Dinverno Foltz Lc last reported 620,614 shares in the company. Kcg accumulated 32,344 shares or 0% of the stock. Cacti Asset Mgmt Limited Liability Co last reported 0.01% of its portfolio in the stock. Bancorp Of New York Mellon Corp accumulated 0% or 19,225 shares. Northern Trust Corporation has 425,149 shares for 0% of their US portfolio. The California-based Blackrock Fund has invested 0% in A. M. Castle & Co (NYSE:CAS). Ironwood Investment Management Llc reported 211,040 shares or 0.26% of all its holdings.

CAS Company Profile

A. M. Castle & Co., incorporated on April 26, 2001, is a specialty metals distribution company. The Firm operates through two divisions: Metal and Plastics. The Firm distributes and performs processing on both metals and plastics. The Firm provides a range of products and value-added processing and supply chain services to an array of customers. The Company’s metals clients are principally within the producer durable equipment, gas and oil, aerospace, heavy industrial equipment, industrial goods and construction equipment sectors of the global economy, and its plastics clients are primarily in the retail, marine and automotive sectors. The Firm operates out of over 20 metals service centers in locations, including North America, Europe and Asia, and over 20 plastics service centers located in the United States.

More notable recent A. M. Castle & Co (NYSE:CAS) news were published by: Reuters.com which released: “BRIEF-AM Castle & Co. Announces Series of Strategic Actions as Part of …” on November 04, 2016, also Businesswire.com with their article: “A.M. Castle & Co. Announces Close of Sale of Total Plastics, Inc.” published on March 15, 2016, Globenewswire.com published: “A. M. Castle & Co. Announces Date for Third Quarter 2016 Earnings Release …” on November 04, 2016. More interesting news about A. M. Castle & Co (NYSE:CAS) were released by: Businesswire.com and their article: “A.M. Castle & Co. Announces Sale of Energy Inventory to Triple-S Tube Supply …” published on February 22, 2016 as well as Streetinsider.com‘s news article titled: “A.M. Castle & Co. (CAS) Reports Series of Strategic Actions” with publication date: November 04, 2016.

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By Clifton Ray


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