Short Interest Worth Watching: Celanese Corporation Del (NYSE:CE) Just Reported Decreased Shorts

November 29, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Worth Watching: Celanese Corporation Del (NYSE:CE) Just Reported Decreased Shorts

The stock of Celanese Corporation Del (NYSE:CE) registered a decrease of 13.93% in short interest. CE’s total short interest was 2.42 million shares in November as published by FINRA. Its down 13.93% from 2.81M shares, reported previously. With 1.51M shares average volume, it will take short sellers 2 days to cover their CE’s short positions. The short interest to Celanese Corporation Del’s float is 1.8%. The stock decreased 0.89% or $0.69 during the last trading session, hitting $76.6. Celanese Corporation (NYSE:CE) has risen 7.28% since April 26, 2016 and is uptrending. It has outperformed by 2.02% the S&P500.

Celanese Corporation is a technology and specialty materials company. The company has a market cap of $10.77 billion. The Firm operates through four divisions: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties and Acetyl Intermediates. It has a 25.24 P/E ratio. The Company’s business involves processing chemical raw materials, such as methanol, carbon monoxide, ethylene and natural products, including wood pulp, into chemicals, thermoplastic polymers and other chemical products.

Insitutional Activity: The institutional sentiment decreased to 0.85 in 2016 Q2. Its down 0.54, from 1.39 in 2016Q1. The ratio turned negative, as 24 funds sold all Celanese Corporation shares owned while 116 reduced positions. 41 funds bought stakes while 153 increased positions. They now own 137.11 million shares or 5.90% less from 145.72 million shares in 2016Q1.
Old Mutual Global (Uk) Ltd last reported 207,703 shares in the company. Envestnet Asset Mgmt has invested 0% of its portfolio in Celanese Corporation (NYSE:CE). Caisse De Depot Et Placement Du Quebec has invested 0.01% of its portfolio in Celanese Corporation (NYSE:CE). Spc Fincl owns 16,610 shares or 0.39% of their US portfolio. The Illinois-based First L P has invested 0% in Celanese Corporation (NYSE:CE). Stephens Inc Ar has 17,173 shares for 0.05% of their US portfolio. Pggm Invs has 557,817 shares for 0.19% of their US portfolio. Moreover, Nomura Asset Company Limited has 0.02% invested in Celanese Corporation (NYSE:CE) for 17,670 shares. California State Teachers Retirement Systems has 0.05% invested in the company for 320,318 shares. Hightower Advsr Lc accumulated 0% or 3,381 shares. Albion Gru Ut last reported 7,000 shares in the company. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mngmt holds 0.02% of its portfolio in Celanese Corporation (NYSE:CE) for 32,235 shares. Art Advsrs Llc last reported 0.33% of its portfolio in the stock. Meiji Yasuda Life Insurance has invested 0.13% of its portfolio in Celanese Corporation (NYSE:CE). Wolverine Asset Mgmt Limited Liability Company has 30,000 shares for 0.03% of their US portfolio.

Celanese Corporation (NYSE:CE) Ratings Coverage

Out of 11 analysts covering Celanese (NYSE:CE), 6 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 55% are positive. Celanese has been the topic of 25 analyst reports since September 1, 2015 according to StockzIntelligence Inc. Citigroup upgraded the shares of CE in a report on Tuesday, January 5 to “Buy” rating. The firm has “Buy” rating by SunTrust given on Monday, January 11. As per Monday, October 12, the company rating was downgraded by Goldman Sachs. KeyBanc Capital Markets initiated the shares of CE in a report on Friday, October 7 with “Overweight” rating. The firm has “Neutral” rating by UBS given on Friday, January 22. As per Friday, April 29, the company rating was upgraded by Cowen & Co. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, October 21. UBS maintained Celanese Corporation (NYSE:CE) rating on Monday, November 16. UBS has “Neutral” rating and $72 price target. Citigroup maintained the stock with “Buy” rating in Friday, July 15 report. Macquarie Research maintained Celanese Corporation (NYSE:CE) on Tuesday, October 20 with “Outperform” rating.

CE Company Profile

Celanese Corporation (Celanese), incorporated on November 3, 2004, is a technology and specialty materials company. The Firm operates through four divisions: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties and Acetyl Intermediates. The Company’s business involves processing chemical raw materials, such as methanol, carbon monoxide, ethylene and natural products, including wood pulp into chemicals, thermoplastic polymers and other chemical products. The Firm engineers and makes a range of products, which serves a range of end-use applications, including paints and coatings, textiles, automotive applications, consumer and medical applications, performance industrial applications, filtration applications, paper and packaging, chemical additives, construction, consumer and industrial adhesives, and food and beverage applications. The Firm operates in North America, Europe and Asia, and consists of approximately 20 global production facilities, and approximately eight additional strategic affiliate production facilities.

More news for Celanese Corporation (NYSE:CE) were recently published by: Businesswire.com, which released: “U.S. International Trade Commission Votes to Investigate Unlawful Importation …” on November 23, 2016. Seekingalpha.com‘s article titled: “Celanese Corp: Too High To Buy?” and published on November 14, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Marie Mckinney


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>