Will Norbord Inc (NYSE:OSB) Run Out of Steam Soon? Short Interest Is Down

May 13, 2018 - By Louis Casey

The stock of Norbord Inc (NYSE:OSB) registered a decrease of 8.64% in short interest. OSB’s total short interest was 836,800 shares in May as published by FINRA. Its down 8.64% from 915,900 shares, reported previously. With 131,600 shares average volume, it will take short sellers 6 days to cover their OSB’s short positions. The short interest to Norbord Inc’s float is 1.63%.

The stock decreased 0.20% or $0.08 during the last trading session, reaching $40.63. About 147,953 shares traded or 17.21% up from the average. Norbord Inc. (NYSE:OSB) has risen 31.19% since May 13, 2017 and is uptrending. It has outperformed by 19.64% the S&P500.

Norbord Inc. manufactures and sells wood panels for retail chains, contractor supply yards, and industrial clients primarily in North America and Europe. The company has market cap of $3.52 billion. The firm offers oriented strand boards for use in sheathing, flooring, and roofing in home construction applications; particleboards that are used in flooring and other construction applications; and medium density fiberboards for use in cabinet doors, mouldings, and interior wall paneling applications, as well as related value-added products for use in the construction of new homes, and renovation and repair of existing structures. It has a 8.08 P/E ratio. Norbord Inc. markets its products under the Durastrand pointSIX, Pinnacle, Stabledge, TruFlor pointSIX and TruFlor, SteadiTred, QuakeZone, Tallwall, Trubord and Windstorm, SolarBord, TruDeck, StableDec, SterlingOSB, Caberwood, and Conti and Caberboard brands.

More important recent Norbord Inc. (NYSE:OSB) news were published by: Prnewswire.com which released: “Norbord Reports First Quarter 2018 Results; Declares Quarterly Dividend” on May 03, 2018, also Seekingalpha.com published article titled: “Norbord’s (OSB) CEO Peter Wijnbergen on Q1 2018 Results – Earnings Call Transcript”, Seekingalpha.com published: “Norbord: An Indirect Play On Housing” on April 24, 2018. More interesting news about Norbord Inc. (NYSE:OSB) was released by: Seekingalpha.com and their article: “Norbord Inc. 2018 Q1 – Results – Earnings Call Slides” with publication date: May 03, 2018.

Norbord Inc. (NYSE:OSB) Ratings Chart

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