Short Interest: Could Clorox Company Del (NYSE:CLX) Skyrocket? The Stock Has Too Many Sellers

November 29, 2016 - By Darrin Black   ·   0 Comments

Short Interest: Could Clorox Company Del (NYSE:CLX) Skyrocket? The Stock Has Too Many Sellers

The stock of Clorox Company Del (NYSE:CLX) registered an increase of 3.78% in short interest. CLX’s total short interest was 6.85M shares in November as published by FINRA. Its up 3.78% from 6.60M shares, reported previously. With 1.00 million shares average volume, it will take short sellers 7 days to cover their CLX’s short positions. About 837,294 shares traded hands. Clorox Co (NYSE:CLX) has declined 5.13% since April 26, 2016 and is downtrending. It has underperformed by 10.39% the S&P500.

The Clorox Company is a manufacturer and marketer of consumer and professional products. The company has a market cap of $15.18 billion. The Firm sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. It has a 23.73 P/E ratio. The Firm operates through four divisions: Cleaning, Household, Lifestyle and International.

Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.04, from 0.98 in 2016Q1. The ratio turned negative, as 66 funds sold all Clorox Co shares owned while 246 reduced positions. 49 funds bought stakes while 256 increased positions. They now own 87.29 million shares or 6.63% less from 93.49 million shares in 2016Q1.
Eastern National Bank last reported 0.02% of its portfolio in the stock. Kistler holds 0% of its portfolio in Clorox Co (NYSE:CLX) for 33 shares. Gemmer Asset Mgmt Ltd Co accumulated 0.01% or 96 shares. 10 last reported 0.09% of its portfolio in the stock. Trust Of Vermont owns 35,953 shares or 0.66% of their US portfolio. Franklin Street Advsrs Nc accumulated 0.67% or 25,378 shares. Boys Arnold & Com Inc reported 9,416 shares or 0.22% of all its holdings. The Georgia-based Signaturefd Limited Liability Corporation has invested 0.01% in Clorox Co (NYSE:CLX). Anchor Advisors Ltd Liability Co last reported 0.79% of its portfolio in the stock. Commerce Bancorporation owns 75,552 shares or 0.17% of their US portfolio. Gotham Asset Management Lc has 0.01% invested in the company for 3,335 shares. The New York-based Springbok Limited Company has invested 0.01% in Clorox Co (NYSE:CLX). Credit Suisse Ag accumulated 0.07% or 440,113 shares. The North Carolina-based Capital Inv Counsel has invested 0.11% in Clorox Co (NYSE:CLX). Pggm Invs owns 110,462 shares or 0.08% of their US portfolio.

Insider Transactions: Since August 10, 2016, the stock had 0 insider purchases, and 4 selling transactions for $7.31 million net activity. Balousek Jon M had sold 5,136 shares worth $673,517. On Wednesday, August 17 the insider Willoughby Dawn C sold $1.39M. STEIN LAURA sold 38,882 shares worth $5.12 million. Vlahos Nikolaos A sold $123,093 worth of stock.

Clorox Co (NYSE:CLX) Ratings Coverage

Out of 10 analysts covering The Clorox Company (NYSE:CLX), 1 rate it a “Buy”, 4 “Sell”, while 5 “Hold”. This means 10% are positive. The Clorox Company has been the topic of 19 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, November 3 by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, July 21 by Sterne Agee CRT. The stock of Clorox Co (NYSE:CLX) earned “Neutral” rating by Sterne Agee CRT on Friday, February 26. The stock has “Underweight” rating given by JP Morgan on Wednesday, May 4. The rating was maintained by UBS on Tuesday, November 3 with “Sell”. Atlantic Securities initiated Clorox Co (NYSE:CLX) on Tuesday, June 14 with “Neutral” rating. UBS maintained Clorox Co (NYSE:CLX) on Thursday, August 4 with “Sell” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, November 3 report. The firm has “Hold” rating by Deutsche Bank given on Tuesday, November 3. The rating was maintained by Barclays Capital with “Underweight” on Wednesday, October 7.

CLX Company Profile

The Clorox Company, incorporated on September 5, 1986, is a maker and marketer of consumer and professional products. The Firm sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Firm operates through four divisions: Cleaning, Household, Lifestyle and International. The Firm markets some of the consumer brand names, including namesake bleach and cleaning products, Pine-Sol cleaners, Liquid-Plumr clog removers, Poett home care products, Fresh Step cat litter, Glad bags, wraps and containers, Kingsford charcoal, Hidden Valley dressings and sauces, Brita water-filtration products and Burt’s Bees natural personal care products. The Firm also markets brands for professional services, including Clorox Healthcare and Clorox Commercial Solutions. The Firm makes products in approximately 10 countries and markets them in over 100 countries.

More important recent Clorox Co (NYSE:CLX) news were published by: Valuewalk.com which released: “Dividend Aristocrats in Focus Part 47: Clorox Co (CLX)” on November 24, 2016, also Fool.com published article titled: “Is The Clorox Company Stock Too Expensive?”, Investorplace.com published: “Why Clorox Co’s Recent Slide is No Surprise (CLX)” on November 11, 2016. More interesting news about Clorox Co (NYSE:CLX) was released by: Prnewswire.com and their article: “Clorox® and Sickweather Partner to Wipe Out FluFOMO” with publication date: November 17, 2016.

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By Darrin Black

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