Short Interest Worth Mentioning: After Reaching Milestone, Is Bluelinx Holdings Incorporated (NYSE:BXC)’s Short Interest Revealing Something?

November 28, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Worth Mentioning: After Reaching Milestone, Is Bluelinx Holdings Incorporated (NYSE:BXC)’s Short Interest Revealing Something?

The stock of Bluelinx Holdings Incorporated (NYSE:BXC) registered a decrease of 2.99% in short interest. BXC’s total short interest was 6,500 shares in November as published by FINRA. Its down 2.99% from 6,700 shares, reported previously. With 3,800 shares average volume, it will take short sellers 2 days to cover their BXC’s short positions. The short interest to Bluelinx Holdings Incorporated’s float is 0.2%. About 848 shares traded hands. BlueLinx Holdings Inc. (NYSE:BXC) has risen 18.38% since April 25, 2016 and is uptrending. It has outperformed by 12.37% the S&P500.

BlueLinx Holdings, Inc. is a distributor of building products in North America. The company has a market cap of $73.46 million. The Firm operates its distribution business through a network of approximately 40 distribution centers. It currently has negative earnings. It serves metropolitan areas in the United States and delivers building products to a range of wholesale and retail customers.

Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 1.00, from 0 in 2016Q1. The ratio improved, as 26 funds sold all BlueLinx Holdings Inc. shares owned while 3 reduced positions. 0 funds bought stakes while 0 increased positions. They now own 4.86 million shares or 93.13% less from 70.64 million shares in 2016Q1.
Feinberg Stephen last reported 4.71 million shares in the company. Weber Alan W holds 0.29% of its portfolio in BlueLinx Holdings Inc. (NYSE:BXC) for 58,299 shares. Kdi Prtn Limited Liability Co holds 0.19% or 82,942 shares in its portfolio.

BXC Company Profile

BlueLinx Holdings, Inc. (BlueLinx), incorporated on August 26, 2004, is a distributor of building products in North America. The Firm operates its distribution business through a network of approximately 40 distribution centers. BlueLinx serves metropolitan areas in the United States and delivers building products to a range of wholesale and retail customers.

More important recent BlueLinx Holdings Inc. (NYSE:BXC) news were published by: Quotes.Wsj.com which released: “News BlueLinx Holdings Inc.BXC” on February 12, 2011, also Globenewswire.com published article titled: “BlueLinx Holdings Inc. Announces Three-Year Real Estate Loan Deal”, Bna.com published: “BlueLinx to Pay $265K to Settle Whistle-Blower Violation” on August 11, 2016. More interesting news about BlueLinx Holdings Inc. (NYSE:BXC) was released by: Globenewswire.com and their article: “BlueLinx Holdings Inc. Receives Continued Listing Standards Notice From NYSE” with publication date: July 31, 2015.

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By Pete Kolinski


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