What Will Happen to Advansix Inc (NYSE:ASIX) Next? The Stock Has Increase in Shorts

June 18, 2018 - By Peter Erickson

The stock of Advansix Inc (NYSE:ASIX) registered an increase of 1.01% in short interest. ASIX’s total short interest was 612,900 shares in June as published by FINRA. Its up 1.01% from 606,800 shares, reported previously. With 284,200 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 2.17%.

The stock decreased 0.17% or $0.07 during the last trading session, reaching $40.7. About 204,542 shares traded. AdvanSix Inc. (NYSE:ASIX) has risen 26.00% since June 18, 2017 and is uptrending. It has outperformed by 13.43% the S&P500.

AdvanSix Inc. manufactures and sells polymer resins in the United States. The company has market cap of $1.24 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 9.68 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.

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