What’s Ahead for Myers Industries Incorporated (NYSE:MYE) After Less Shorted Shares?

July 17, 2017 - By test

 What’s Ahead for Myers Industries Incorporated (NYSE:MYE) After Less Shorted Shares?

Investors sentiment increased to 2 in Q4 2016. Its up 0.68, from 1.32 in 2016Q3. It is positive, as 5 investors sold Myers Industries, Inc. shares while 23 reduced holdings. 13 funds opened positions while 43 raised stakes. 24.56 million shares or 0.45% less from 24.67 million shares in 2016Q3 were reported.
Millennium Ltd Liability owns 31,909 shares. Nationwide Fund holds 15,825 shares. Wedge L Lp Nc owns 56,300 shares. Invesco Limited invested in 0% or 94,330 shares. Strs Ohio invested in 42,900 shares or 0% of the stock. Minnesota-based Us Bancorporation De has invested 0% in Myers Industries, Inc. (NYSE:MYE). Gamco Investors Et Al stated it has 5.05 million shares. Kbc Grp Nv reported 2,009 shares. Renaissance Technologies reported 114,100 shares or 0% of all its holdings. The Manitoba – Canada-based Great West Life Assurance Company Can has invested 0% in Myers Industries, Inc. (NYSE:MYE). Metropolitan Life Company New York reported 18,429 shares. Toronto Dominion Retail Bank reported 0% in Myers Industries, Inc. (NYSE:MYE). Citadel Advsr Lc holds 11,145 shares. Goldman Sachs Gru accumulated 0% or 54,671 shares. Comerica Bancorporation holds 0% or 23,082 shares in its portfolio.

Since March 21, 2017, it had 1 buying transaction, and 4 sales for $39,708 activity. On Monday, May 15 the insider SCACCETTI JANE bought $51,600.

The stock of Myers Industries Incorporated (NYSE:MYE) registered a decrease of 20.83% in short interest. MYE’s total short interest was 281,700 shares in July as published by FINRA. Its down 20.83% from 355,800 shares, reported previously. With 167,100 shares average volume, it will take short sellers 2 days to cover their MYE’s short positions. The short interest to Myers Industries Incorporated’s float is 0.99%.

About 55,683 shares traded. Myers Industries, Inc. (NYSE:MYE) has risen 22.42% since July 17, 2016 and is uptrending. It has outperformed by 5.72% the S&P500.

Myers Industries, Inc. is an international manufacturing and distribution company. The company has market cap of $553.47 million. The Firm operates through two divisions: Material Handling and Distribution. It has a 69.34 P/E ratio. As of December 31, 2016, the Company operated 15 manufacturing facilities, 20 sales offices, four distribution centers and three distribution branches located throughout North, Central and South America.

More important recent Myers Industries, Inc. (NYSE:MYE) news were published by: Seekingalpha.com which released: “Myers Industries’ (MYE) CEO Dave Banyard on Q1 2017 Results – Earnings Call …” on May 08, 2017, also Crainscleveland.com published article titled: “Myers Industries Inc. names a new CFO”, Theglobeandmail.com published: “Bullish on Myers Industries” on June 23, 2017. More interesting news about Myers Industries, Inc. (NYSE:MYE) was released by: Crainscleveland.com and their article: “Myers Industries unveils new management structure” with publication date: September 28, 2016.

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