Bluelinx Holdings Incorporated (NYSE:BXC) Shorted Shares Increased By 32.73%

September 17, 2017 - By Michael Collier

 Bluelinx Holdings Incorporated (NYSE:BXC) Shorted Shares Increased By 32.73%

The stock of Bluelinx Holdings Incorporated (NYSE:BXC) registered an increase of 32.73% in short interest. BXC’s total short interest was 36,500 shares in September as published by FINRA. Its up 32.73% from 27,500 shares, reported previously. With 24,600 shares average volume, it will take short sellers 2 days to cover their BXC’s short positions. The short interest to Bluelinx Holdings Incorporated’s float is 1.3%.

The stock decreased 2.26% or $0.24 on September 15, reaching $10.36. About 57,010 shares traded or 98.22% up from the average. BlueLinx Holdings Inc. (NYSE:BXC) has risen 34.71% since September 17, 2016 and is uptrending. It has outperformed by 18.01% the S&P500.

BlueLinx Holdings, Inc. is a distributor of building products in North America. The company has market cap of $94.26 million. The Firm operates its distribution business through a network of approximately 40 distribution centers. It has a 3.24 P/E ratio. It serves metropolitan areas in the United States and delivers building products to a range of wholesale and retail customers.

More notable recent BlueLinx Holdings Inc. (NYSE:BXC) news were published by: Seekingalpha.com which released: “BlueLinx Holdings’ (BXC) CEO Mitchell Lewis on Q2 2016 Results – Earnings Call …” on August 06, 2016, also Seekingalpha.com with their article: “BlueLinx Holdings’ (BXC) CEO Mitch Lewis on Q2 2017 Results – Earnings Call …” published on August 10, 2017, Seekingalpha.com published: “BlueLinx: A Turnaround Story With Strong Business Moat” on May 15, 2017. More interesting news about BlueLinx Holdings Inc. (NYSE:BXC) were released by: Globenewswire.com and their article: “BlueLinx Announces Filing of Selling Stockholder Shelf Registration Statement” published on August 28, 2017 as well as Globenewswire.com‘s news article titled: “BlueLinx Announces Deleveraging Plan” with publication date: April 21, 2016.

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