Continental Materials Co. (NYSEAMERICAN:CUO) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 400 shares, a growth of 300.0% from the July 31st total of 100 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 700 shares, the short-interest ratio is currently 0.6 days.
Shares of CUO stock remained flat at $$14.60 during trading hours on Wednesday. 160 shares of the company were exchanged, compared to its average volume of 1,969. Continental Materials has a 1-year low of $10.08 and a 1-year high of $24.92.
Continental Materials (NYSEAMERICAN:CUO) last posted its earnings results on Tuesday, August 13th. The construction company reported ($2.28) earnings per share (EPS) for the quarter. The business had revenue of $25.26 million for the quarter.
Separately, TheStreet upgraded Continental Materials from a “d+” rating to a “c” rating in a research note 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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