Time to Reconsider Loop Industries Inc (NASDAQ:LOOP) After More Short Sellers?

May 10, 2018 - By Dolores Ford

The stock of Loop Industries Inc (NASDAQ:LOOP) registered an increase of 39.42% in short interest. LOOP’s total short interest was 187,100 shares in May as published by FINRA. Its up 39.42% from 134,200 shares, reported previously. With 37,900 shares average volume, it will take short sellers 5 days to cover their LOOP’s short positions. The short interest to Loop Industries Inc’s float is 1.49%.

The stock decreased 0.08% or $0.01 during the last trading session, reaching $12.1. About 150 shares traded. Loop Industries, Inc. (NASDAQ:LOOP) has risen 152.38% since May 10, 2017 and is uptrending. It has outperformed by 140.83% the S&P500.

Loop Industries, Inc., a development stage company, focuses on depolymerizing waste polyethylene terephthalate plastics and converting them into chemicals in the United States and Canada. The company has market cap of $396.97 million. The Company’s products include purified terephthalic acid and mono ethylene glycol. It currently has negative earnings.

More news for Loop Industries, Inc. (NASDAQ:LOOP) were recently published by: Globenewswire.com, which released: “Loop Industries Appoints Nelson Switzer as Chief Growth Officer” on April 26, 2018. Streetinsider.com‘s article titled: “Loop Industries (LOOP) Names Laurence Sellyn to Board” and published on April 10, 2018 is yet another important article.

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