What Will Happen to Advansix Inc (NYSE:ASIX) Next? The Stock Has Decline in Shorts

November 10, 2018 - By Louis Casey

The stock of Advansix Inc (NYSE:ASIX) registered a decrease of 24.53% in short interest. ASIX’s total short interest was 415,700 shares in November as published by FINRA. Its down 24.53% from 550,800 shares, reported previously. With 179,200 shares average volume, it will take short sellers 2 days to cover their ASIX’s short positions. The short interest to Advansix Inc’s float is 1.48%.

The stock decreased 2.30% or $0.64 during the last trading session, reaching $27.2. About 205,882 shares traded. AdvanSix Inc. (NYSE:ASIX) has risen 1.42% since November 10, 2017 and is uptrending. It has underperformed by 14.20% the S&P500.

AdvanSix Inc. manufactures and sells polymer resins in the United States. The company has market cap of $810.64 million. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce engineered plastics, fibers, filaments, and films. It has a 6.35 P/E ratio. The firm also provides caprolactam, ammonium sulfate fertilizers, and acetone, as well as other intermediate chemicals, including phenol, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, cyclohexanol, acetaldehyde oxime, 2-pentanone oxime, sulfuric acid, ammonia, and carbon dioxide.

More recent AdvanSix Inc. (NYSE:ASIX) news were published by: Seekingalpha.com which released: “AdvanSix Inc. 2018 Q3 – Results – Earnings Call Slides” on November 02, 2018. Also Seekingalpha.com published the news titled: “AdvanSix – Not Really Advancing” on November 04, 2018. Seekingalpha.com‘s news article titled: “AdvanSix Inc.’s (ASIX) CEO Erin Kane on Q3 2018 Results – Earnings Call Transcript” with publication date: November 02, 2018 was also an interesting one.

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