Short Interest in Continental Materials Co. (NYSEAMERICAN:CUO) Rises By 1,000.0%

Continental Materials Co. (NYSEAMERICAN:CUO) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 1,100 shares, an increase of 1,000.0% from the September 30th total of 100 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 900 shares, the short-interest ratio is currently 1.2 days.

NYSEAMERICAN CUO remained flat at $$9.98 during trading hours on Wednesday. The company had a trading volume of 1,318 shares, compared to its average volume of 1,763. Continental Materials has a 1-year low of $9.88 and a 1-year high of $24.92.

Continental Materials (NYSEAMERICAN:CUO) last released its quarterly earnings results on Tuesday, August 13th. The construction company reported ($2.28) EPS for the quarter. The company had revenue of $25.26 million during the quarter.

An institutional investor recently raised its position in Continental Materials stock. Minerva Advisors LLC grew its stake in Continental Materials Co. (NYSEAMERICAN:CUO) by 19.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,840 shares of the construction company’s stock after purchasing an additional 6,210 shares during the quarter. Minerva Advisors LLC owned about 2.26% of Continental Materials worth $622,000 at the end of the most recent reporting period.

Separately, TheStreet raised Continental Materials from a “d+” rating to a “c” rating in a report on Monday, July 22nd.

Continental Materials Company Profile

Continental Materials Corporation produces and sells heating, ventilation, and air conditioning (HVAC) products; and construction products in North America. The HVAC Industry Group offers gas-fired wall furnaces, console heaters, and fan coils, as well as evaporative coolers. Continental Materials Corporation sells its HVAC products through plumbing, heating, and air conditioning wholesale distributors, as well as directly to retail home-centers and other retail outlets; and HVAC installing contractors and equipment manufacturers for commercial applications.

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