WEBCO INDUSTRIES NEW (OTCMKTS:WEBC) Shorts Decreased by 50% After Short Covering

The stock of WEBCO INDUSTRIES NEW (OTCMKTS:WEBC) registered a decrease of 50% in short interest. WEBC’s total short interest was 100 shares in September as published by FINRA. Its down 50% from 200 shares, reported previously. With 1,200 shares average volume, it will take short sellers 0 days to cover their WEBC’s short positions. The stock increased 1.85% or $1 on September 28, hitting $55. About 460 shares traded hands or 21.05% up from the average. Webco Industries, Inc. (OTCMKTS:WEBC) has risen 61.76% since February 25, 2016 and is uptrending. It has outperformed by 50.51% the S&P500.

Webco Industries, Inc. is a manufacturer and distributor of carbon steel, stainless steel and other metal tubular products. The company has a market cap of $69.85 million. The Company’s tubing products include Specialty Tubing and Pressure Tubing. It currently has negative earnings. The Company’s Specialty tubing products include metal tubular goods made of carbon and stainless steel, copper, brass, aluminum, and surgical steel.

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