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What Next for Atkore International Group Inc (NYSE:ATKR) Stock After Increase in Shorted Shares?

The stock of Atkore International Group Inc (NYSE:ATKR) registered an increase of 17.59% in short interest. ATKR’s total short interest was 470,700 shares in November as published by FINRA. Its up 17.59% from 400,300 shares, reported previously. With 404,500 shares average volume, it will take short sellers 1 days to cover their ATKR’s short positions. The short interest to Atkore International Group Inc’s float is 1.03%.

The stock decreased 2.94% or $0.6 during the last trading session, reaching $19.83. About 245,603 shares traded. Atkore International Group Inc. (NYSE:ATKR) has risen 43.34% since November 10, 2017 and is uptrending. It has outperformed by 27.72% the S&P500.

Atkore International Group Inc. manufactures and distributes electrical raceway products in the United States and internationally. The company has market cap of $912.91 million. The companyÂ’s electrical raceway products include metal, polyvinyl chloride, and flexible electrical conduit and fittings; armored cable and fittings; and cable tray and cable ladders for the non-residential construction and renovation markets. It has a 9.4 P/E ratio. It also offers mechanical products and solutions comprising metal framing and fittings, mechanical pipes, flexible sprinkler drops, and barbed tapes, as well as construction services for the construction and industrial markets.

Another recent and important Atkore International Group Inc. (NYSE:ATKR) news was published by Globenewswire.com which published an article titled: “Investor Expectations to Drive Momentum within Navios Maritime Partners LP, Alliance Data, Eli Lilly, CONVERGEONE …” on October 23, 2018.

Atkore International Group Inc. (NYSE:ATKR) Ratings Chart

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