What’s Ahead for Advansix Inc (NYSE:ASIX) After Less Shorted Shares?

September 16, 2018 - By Frank Plummer

The stock of Advansix Inc (NYSE:ASIX) registered a decrease of 24.53% in short interest. ASIX’s total short interest was 415,700 shares in September as published by FINRA. Its down 24.53% from 550,800 shares, reported previously. With 179,200 shares average volume, it will take short sellers 2 days to cover their ASIX’s short positions. The short interest to Advansix Inc’s float is 1.48%.

The stock increased 2.45% or $0.82 during the last trading session, reaching $34.35. About 371,216 shares traded or 91.96% up from the average. AdvanSix Inc. (NYSE:ASIX) has risen 1.42% since September 16, 2017 and is uptrending. It has underperformed by 14.20% the S&P500.

AdvanSix Inc. manufactures and sells polymer resins in the United States. The company has market cap of $1.04 billion. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce engineered plastics, fibers, filaments, and films. It has a 8.02 P/E ratio. The firm also provides caprolactam, ammonium sulfate fertilizers, and acetone, as well as other intermediate chemicals, including phenol, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, cyclohexanol, acetaldehyde oxime, 2-pentanone oxime, sulfuric acid, ammonia, and carbon dioxide.

More news for AdvanSix Inc. (NYSE:ASIX) were recently published by: Seekingalpha.com, which released: “Drops Of Honeywell – The Idea Guide” on September 11, 2018. Globenewswire.com‘s article titled: “Recent Analysis Shows Insteel Industries, Sparton, LSC Communications, AdvanSix, AZZ, and Triple-S Management …” and published on August 24, 2018 is yet another important article.

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