What Will Happen to Usg Corporation (NYSE:USG) Next? The Stock Has Decline in Shorts

March 14, 2018 - By Richard Conner

 What Will Happen to Usg Corporation (NYSE:USG) Next? The Stock Has Decline in Shorts

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.44, from 0.62 in 2017Q2. It increased, as 25 investors sold USG Corporation shares while 64 reduced holdings. 40 funds opened positions while 54 raised stakes. 119.59 million shares or 28.04% less from 166.18 million shares in 2017Q2 were reported.
Cantab Prtnrs Limited Liability Partnership owns 521 shares. Da Davidson owns 11,681 shares or 0.01% of their US portfolio. Rothschild Investment Corp Il holds 33,300 shares or 0.12% of its portfolio. Moreover, Bnp Paribas Asset Mgmt Sa has 0.01% invested in USG Corporation (NYSE:USG). Bankshares Of Nova Scotia Tru Commerce reported 336 shares. J Goldman & Ltd Partnership, New York-based fund reported 21,800 shares. 25,684 are owned by Tcw Gp. Punch & Associates Inv Mngmt Inc holds 0.29% of its portfolio in USG Corporation (NYSE:USG) for 99,958 shares. Freestone Hldgs Lc invested in 36,797 shares. Thompson Inv Management holds 0.08% of its portfolio in USG Corporation (NYSE:USG) for 13,125 shares. California State Teachers Retirement Sys has 144,325 shares for 0.01% of their portfolio. Amalgamated National Bank & Trust holds 0.02% of its portfolio in USG Corporation (NYSE:USG) for 15,556 shares. Shine Advisory holds 0.04% or 2,399 shares. Metropolitan Life Insur Ny has 0% invested in USG Corporation (NYSE:USG) for 2,587 shares. First Republic Inv, California-based fund reported 12,069 shares.

The stock of Usg Corporation (NYSE:USG) registered a decrease of 12.18% in short interest. USG’s total short interest was 6.17M shares in March as published by FINRA. Its down 12.18% from 7.03M shares, reported previously. With 1.71M shares average volume, it will take short sellers 4 days to cover their USG’s short positions. The short interest to Usg Corporation’s float is 7.53%.

The stock decreased 2.15% or $0.76 during the last trading session, reaching $34.53. About 705,630 shares traded. USG Corporation (NYSE:USG) has risen 0.17% since March 14, 2017 and is uptrending. It has underperformed by 16.53% the S&P500.

USG Corporation, through its subsidiaries, makes and sells building materials worldwide. The company has market cap of $4.87 billion. The company??s Gypsum segment makes and markets gypsum and related products to construct walls, ceilings, roofs, and floors of residential, commercial, and institutional buildings, as well as for various industrial applications. It has a 57.65 P/E ratio. This segment offers gypsum panels, as well as joint compounds, corner beads, joint tapes, and plasters for wallboard joints finishing under the Sheetrock brand; cement board under the Durock brand; backerboard that includes abuse-resistant interior wall panels, tile backer boards, and flooring underlayments under the Fiberock brand; poured gypsum flooring systems under the Levelrock brand; roof boards under the Securock brand; and air-water barrier system and industrial gypsum under the ExoAir 430 brand.

USG Corporation (NYSE:USG) Ratings Coverage

Among 23 analysts covering USG Corporation (NYSE:USG), 7 have Buy rating, 3 Sell and 13 Hold. Therefore 30% are positive. USG Corporation had 79 analyst reports since July 29, 2015 according to SRatingsIntel. Citigroup initiated USG Corporation (NYSE:USG) on Friday, August 26 with “Neutral” rating. Jefferies maintained the stock with “Hold” rating in Thursday, July 27 report. On Wednesday, November 18 the stock rating was upgraded by Northcoast to “Buy”. Jefferies maintained USG Corporation (NYSE:USG) rating on Thursday, July 13. Jefferies has “Hold” rating and $3300 target. On Friday, October 27 the stock rating was maintained by Citigroup with “Neutral”. The firm has “Buy” rating given on Friday, September 23 by Bank of America. Jefferies maintained USG Corporation (NYSE:USG) on Thursday, February 1 with “Hold” rating. Credit Suisse initiated USG Corporation (NYSE:USG) rating on Friday, June 23. Credit Suisse has “Underperform” rating and $24 target. The firm has “Hold” rating given on Wednesday, July 19 by Jefferies. Barclays Capital upgraded USG Corporation (NYSE:USG) on Thursday, July 27 to “Hold” rating.

More recent USG Corporation (NYSE:USG) news were published by: Businesswire.com which released: “USG Corporation to Webcast Investor Day Presentations on March 8” on February 26, 2018. Also Businesswire.com published the news titled: “USG Corporation Hosts Inaugural Investor Day” on March 08, 2018. Prnewswire.com‘s news article titled: “Persistent Workforce Shortages Challenge Commercial Construction Industry as …” with publication date: March 06, 2018 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.