Could Fairmount Santrol Holdings Incorporated (NYSE:FMSA) See a Reversal After Less Sellers Came In?

August 24, 2017 - By Ellis Scott

 Could Fairmount Santrol Holdings Incorporated (NYSE:FMSA) See a Reversal After Less Sellers Came In?

The stock of Fairmount Santrol Holdings Incorporated (NYSE:FMSA) registered a decrease of 17.67% in short interest. FMSA’s total short interest was 36.68M shares in August as published by FINRA. Its down 17.67% from 44.56M shares, reported previously. With 7.45M shares average volume, it will take short sellers 5 days to cover their FMSA’s short positions. The short interest to Fairmount Santrol Holdings Incorporated’s float is 24.01%.

About 1.14M shares traded. Fairmount Santrol Holdings Inc (NYSE:FMSA) has risen 37.12% since August 24, 2016 and is uptrending. It has outperformed by 20.42% the S&P500.

Fairmount Santrol Holdings Inc. is a well-known provider of sand proppant solutions. The company has market cap of $600.54 million. The Firm operates through two divisions: Proppant Solutions, and Industrial & Recreational Products. It currently has negative earnings. The Company’s Proppant Solutions segment provides sand proppants for use in hydraulic fracturing activities throughout the United States and Canada, Argentina, Mexico, China, northern Europe and the United Arab Emirates.

Fairmount Santrol Holdings Inc (NYSE:FMSA) Ratings Coverage

Among 23 analysts covering Fairmount Santrol (NYSE:FMSA), 11 have Buy rating, 2 Sell and 10 Hold. Therefore 48% are positive. Fairmount Santrol had 54 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Fairmount Santrol Holdings Inc (NYSE:FMSA) earned “Underperform” rating by Jefferies on Friday, September 11. Howard Weil maintained the shares of FMSA in report on Thursday, October 20 with “Sector Outperform” rating. The rating was maintained by Jefferies on Monday, July 11 with “Hold”. As per Monday, May 23, the company rating was upgraded by Simmons & Co. Piperjaffray upgraded the stock to “Overweight” rating in Thursday, July 21 report. The company was initiated on Monday, December 14 by KLR Group. The firm has “Equal Weight” rating given on Monday, April 24 by Barclays Capital. Piper Jaffray maintained it with “Buy” rating and $4.5000 target in Sunday, August 6 report. The stock of Fairmount Santrol Holdings Inc (NYSE:FMSA) has “Buy” rating given on Wednesday, May 11 by GMP Securities. On Friday, December 9 the stock rating was upgraded by Johnson Rice to “Buy”.

More news for Fairmount Santrol Holdings Inc (NYSE:FMSA) were recently published by: Globenewswire.com, which released: “Fairmount Santrol Announces Second-Quarter 2017 Results” on August 03, 2017. Prnewswire.com‘s article titled: “Today’s Research Report Coverage on Metals and Minerals Stocks — Fairmount …” and published on August 08, 2017 is yet another important article.

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