Short Interest Coverage: Does Carpenter Technology Corporation (NYSE:CRS) Have Gas After Even More Sellers Involved?

November 30, 2016 - By Vivian Park   ·   0 Comments

Short Interest Coverage: Does Carpenter Technology Corporation (NYSE:CRS) Have Gas After Even More Sellers Involved?

The stock of Carpenter Technology Corporation (NYSE:CRS) registered an increase of 2.85% in short interest. CRS’s total short interest was 4.66 million shares in November as published by FINRA. Its up 2.85% from 4.53 million shares, reported previously. With 525,600 shares average volume, it will take short sellers 9 days to cover their CRS’s short positions. The short interest to Carpenter Technology Corporation’s float is 10.17%. About 66,159 shares traded hands. Carpenter Technology Corporation (NYSE:CRS) has declined 1.22% since April 27, 2016 and is downtrending. It has underperformed by 6.45% the S&P500.

Carpenter Technology Corporation is engaged in the manufacturing, fabrication and distribution of specialty metals. The company has a market cap of $1.60 billion. The Company’s divisions include Specialty Alloys Operations and Performance Engineered Products (PEP). It currently has negative earnings. The Company’s SAO segment consists of alloy and stainless steel manufacturing operations.

Insitutional Activity: The institutional sentiment decreased to 0.91 in Q2 2016. Its down 0.21, from 1.12 in 2016Q1. The ratio dived, as 17 funds sold all Carpenter Technology Corporation shares owned while 56 reduced positions. 19 funds bought stakes while 63 increased positions. They now own 43.66 million shares or 1.74% less from 44.43 million shares in 2016Q1.
Weaver C Barksdale & Associates Inc accumulated 0.01% or 256 shares. Savings Bank Of Ny Mellon Corporation holds 0.01% or 1.35 million shares in its portfolio. Deutsche Retail Bank Ag holds 0% of its portfolio in Carpenter Technology Corporation (NYSE:CRS) for 39,903 shares. Kbc Grp Nv holds 0.01% of its portfolio in Carpenter Technology Corporation (NYSE:CRS) for 18,324 shares. Pnc Finance Services Gru holds 0.01% or 146,520 shares in its portfolio. Northern Tru, a Illinois-based fund reported 746,535 shares. Wfg Advisors Lp, a Texas-based fund reported 214 shares. Neuberger Berman Group Limited Liability Corp last reported 22,291 shares in the company. Diam Com Ltd has 10,700 shares for 0.01% of their US portfolio. Moreover, King Luther Capital Mgmt has 0.07% invested in Carpenter Technology Corporation (NYSE:CRS) for 229,290 shares. Vanguard Gp Incorporated last reported 0.01% of its portfolio in the stock. Moreover, Blackrock Advsrs Llc has 0.01% invested in Carpenter Technology Corporation (NYSE:CRS) for 220,547 shares. Cap Mgmt Associate Ny holds 8,000 shares or 0.45% of its portfolio. Ncm Capital Grp Incorporated Incorporated accumulated 1,275 shares or 0.51% of the stock. Us State Bank De accumulated 0% or 10,644 shares.

Carpenter Technology Corporation (NYSE:CRS) Ratings Coverage

Out of 3 analysts covering Carpenter Technology (NYSE:CRS), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Carpenter Technology has been the topic of 3 analyst reports since October 19, 2015 according to StockzIntelligence Inc. The rating was maintained by Rosenblatt on Friday, February 5 with “Buy”. The rating was initiated by Seaport Global on Friday, September 9 with “Neutral”. The firm has “Neutral” rating by JP Morgan given on Monday, October 19.

CRS Company Profile

Carpenter Technology Corporation, incorporated on October 3, 1968, is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company’s divisions include Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). The Firm develops, makes and distributes cast/wrought and powder metal stainless steels, and special alloys, including high temperature (iron-nickel-cobalt base), stainless, corrosion resistant, controlled expansion alloys, ultra-high strength and implantable alloys, tool and die steels and other specialty metals, as well as cast/wrought titanium alloys. The Firm makes and rents down-hole drilling tools and components used in the gas and oil industry. It provides material solutions to the changing needs of the aerospace and defense, energy, transportation, medical and industrial and consumer industries.

More important recent Carpenter Technology Corporation (NYSE:CRS) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on October 12, 2009, also Reuters.com published article titled: “BRIEF-Carpenter Technology Corp files for secondary offering of its common…”, Bizjournals.com published: “Carpenter Technology to take space in Mellon Bank Center” on April 28, 2016. More interesting news about Carpenter Technology Corporation (NYSE:CRS) was released by: Readingeagle.com and their article: “Carpenter Technology to move headquarters to Philadelphia” with publication date: February 11, 2016.

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By Vivian Park


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