OTC Short-Interest Shifts
September Short-Interest Data Reveals Divergent Moves Across Four Selected OTC Stocks
Anonymous
September short-interest data showed divergent movements among the covered stocks: Fuller, Smith & Turner’s short interest fell 55.2% to 30 shares, while Truworths International’s more than doubled to 117,550 shares. QHSLab reported 303 shares short, equal to 0.0% of its shares outstanding. FLSmidth & Co.’s short interest rose 302.3% to 2,486 shares, representing 3.7 days to cover; the company also reported quarterly earnings and revenue above analyst expectations.
Key Points
1
Fuller, Smith & Turner attracted several institutional investors in the second quarter. BlackRock acquired a new position valued at about $484.5 million; other reported new positions included Legal & General Group, Polar Asset Management Partners, Meiji Yasuda Asset Management and Deutsche Bank.
2
Truworths shares opened at $3.20, its reported 12-month low. Its 50-day and 200-day moving averages were $3.58 and $3.98, respectively, while its 12-month high was $4.20.
3
QHSLab’s reported average daily trading volume was 7,964 shares, yielding a short-interest days-to-cover ratio of 0.0 days. Its stock opened at $0.32, against a 12-month range of $0.08 to $1.14.
4
FLSmidth shares traded at $9.21, near the reported 52-week high of $9.49. Friday’s trading volume was just 14 shares, compared with an average volume of 2,651.
Sentiment
Mostly NegativeNEGATIVENEUTRALPOSITIVE
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