Is Friedman Industries Inc (NYSEAMERICAN:FRD)’s Fuel Running High? Reports Show Less Sellers

The stock of Friedman Industries Inc (NYSEAMERICAN:FRD) registered a decrease of 61.08% in short interest. FRD’s total short interest was 7,900 shares in December as published by FINRA. Its down 61.08% from 20,300 shares, reported previously. With 56,400 shares average volume, it will take short sellers 0 days to cover their FRD’s short positions. The short interest to Friedman Industries Inc’s float is 0.12%.

The stock decreased 0.13% or $0.01 during the last trading session, reaching $7.92. About 2,111 shares traded. Friedman Industries, Incorporated (NYSEAMERICAN:FRD) has risen 59.90% since December 8, 2017 and is uptrending. It has outperformed by 44.28% the S&P500.

Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and steel and pipe distribution activities in the United States. The company has market cap of $55.52 million. The firm purchases hot-rolled steel coils; processes the coils into flat, finished sheet, and plate; and sells these products on a wholesale basis. It has a 7.33 P/E ratio. It also makes, purchases, processes, and markets tubular products, including line and oil country pipes, as well as pipes for structural and other miscellaneous applications.

More notable recent Friedman Industries, Incorporated (NYSEAMERICAN:FRD) news were published by: Investorideas.com which released: “Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Announces C$31 million Strategic Investment by SSR Mining – InvestorIdeas.com” on November 29, 2018, also Streetinsider.com with their article: “Form 8-K CONTANGO OIL & GAS CO For: Nov 16 – StreetInsider.com” published on November 20, 2018, 247Wallst.com published: “General Electric, Ford Dive into Monday’s 52-Week Low Club – 24/7 Wall St.” on August 13, 2018. More interesting news about Friedman Industries, Incorporated (NYSEAMERICAN:FRD) were released by: Stockhouse.com and their article: “SilverCrest Announces Stock Option Grant – Stockhouse” published on November 12, 2018 as well as Globenewswire.com‘s news article titled: “Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2018 Results – GlobeNewswire” with publication date: June 28, 2018.

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