Will Usg Corporation (NYSE:USG) Run Out of Steam Soon? Short Interest Is Down

March 14, 2018 - By Michael Collier

 Will Usg Corporation (NYSE:USG) Run Out of Steam Soon? Short Interest Is Down

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.44, from 0.62 in 2017Q2. It is positive, 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.
Gargoyle Advisor Ltd Llc holds 0.42% in USG Corporation (NYSE:USG) or 34,992 shares. Cwm Lc has 1,040 shares for 0% of their portfolio. M&T Bancshares holds 0% in USG Corporation (NYSE:USG) or 12,150 shares. 4.12M were accumulated by Blackrock Inc. Old Second Financial Bank Of Aurora invested 0% of its portfolio in USG Corporation (NYSE:USG). Ahl Prtnrs Limited Liability Partnership accumulated 0.19% or 329,876 shares. Buckingham holds 0.49% in USG Corporation (NYSE:USG) or 112,722 shares. Hap Trading Limited holds 21,681 shares or 0.03% of its portfolio. Comerica Comml Bank has invested 0% in USG Corporation (NYSE:USG). 12,033 are owned by Paloma Prtnrs Management. Rhumbline Advisers has invested 0.01% of its portfolio in USG Corporation (NYSE:USG). 197,527 were reported by Shayne Ltd Liability Com. Punch Assoc Invest reported 0.29% stake. Dudley & Shanley Limited Liability Corp holds 788,050 shares or 5.68% of its portfolio. The United Kingdom-based Cantab Capital Prtnrs Llp has invested 0% in USG Corporation (NYSE:USG).

The stock of Usg Corporation (NYSE:USG) registered a decrease of 12.18% in short interest. USG’s total short interest was 6.17 million shares in March as published by FINRA. Its down 12.18% from 7.03M shares, reported previously. With 1.71 million 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. The stock of USG Corporation (NYSE:USG) has “Equal-Weight” rating given on Friday, October 27 by Barclays Capital. The company was initiated on Friday, August 26 by Citigroup. The company was maintained on Friday, February 2 by Barclays Capital. As per Friday, October 23, the company rating was downgraded by Jefferies. The rating was maintained by Jefferies on Wednesday, July 27 with “Hold”. The firm earned “Hold” rating on Thursday, October 26 by SunTrust. Credit Suisse maintained the stock with “Sell” rating in Monday, January 22 report. The firm earned “Hold” rating on Wednesday, July 19 by Jefferies. As per Wednesday, November 15, the company rating was maintained by Macquarie Research. Citigroup maintained USG Corporation (NYSE:USG) on Thursday, January 25 with “Neutral” rating.

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

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