What Next for Carpenter Technology Corporation (NYSE:CRS) Stock After Increase in Shorted Shares?

Carpenter Technology Corporation (NYSE:CRS) Logo

Investors sentiment decreased to 0.93 in 2018 Q2. Its down 0.33, from 1.26 in 2018Q1. It dropped, as 23 investors sold Carpenter Technology Corporation shares while 77 reduced holdings. 34 funds opened positions while 59 raised stakes. 43.10 million shares or 1.00% less from 43.54 million shares in 2018Q1 were reported.
Bridgeway Mgmt owns 102,000 shares. 300 are owned by Numerixs Investment Technologies. New Amsterdam Partners Ltd Liability Com Ny, New York-based fund reported 40,166 shares. Paradigm Cap Mngmt New York accumulated 24,400 shares. State Treasurer State Of Michigan has 17,300 shares. Northern Tru reported 0.01% stake. Advsr Asset accumulated 2,212 shares or 0.01% of the stock. Comml Bank Of America De has 320,800 shares. Qs Ltd Limited Liability Company invested in 978 shares. Archford Capital Strategies Limited Com reported 0% stake. Argent Cap Mgmt Limited Liability Company has invested 0.14% of its portfolio in Carpenter Technology Corporation (NYSE:CRS). Royal Savings Bank Of Canada holds 0% or 10,860 shares. Blackrock invested in 0.01% or 5.23M shares. Morgan Stanley reported 183,969 shares. Winslow Evans And Crocker owns 0.01% invested in Carpenter Technology Corporation (NYSE:CRS) for 750 shares.

The stock of Carpenter Technology Corporation (NYSE:CRS) registered an increase of 7.65% in short interest. CRS’s total short interest was 1.90M shares in December as published by FINRA. Its up 7.65% from 1.76M shares, reported previously. With 181,500 shares average volume, it will take short sellers 11 days to cover their CRS’s short positions. The short interest to Carpenter Technology Corporation’s float is 4.11%.

The stock increased 0.98% or $0.41 during the last trading session, reaching $42.4. About 331,166 shares traded or 12.96% up from the average. Carpenter Technology Corporation (NYSE:CRS) has risen 44.88% since December 7, 2017 and is uptrending. It has outperformed by 29.26% the S&P500.

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. The company has market cap of $2.01 billion. It operates through two divisions, Specialty Alloys Operations and Performance Engineered Products. It has a 10.41 P/E ratio. The firm develops, makes, and distributes cast/wrought and powder metal stainless steels and special alloys, including iron-nickel-cobalt base, stainless, superior corrosion resistant, and controlled expansion alloys; ultra-high strength and implantable alloys; tools and die steels; and other specialty metals, as well as cast/wrought titanium alloys.

More notable recent Carpenter Technology Corporation (NYSE:CRS) news were published by: Globenewswire.com which released: “Carpenter Technology Announces Senior Operating Leadership Appointments – GlobeNewswire” on February 22, 2018, also Globenewswire.com with their article: “Carpenter Technology Acquires CalRAM NYSE:CRS – GlobeNewswire” published on February 26, 2018, Seekingalpha.com published: “Key events next week – healthcare – Seeking Alpha” on November 23, 2018. More interesting news about Carpenter Technology Corporation (NYSE:CRS) were released by: Globenewswire.com and their article: “Carpenter Enhances Additive Manufacturing Capabilities With Acquisition of LPW Technology Ltd. – GlobeNewswire” published on October 24, 2018 as well as Profitconfidential.com‘s news article titled: “Carpenter Technology Stock: Stronger Growth Suggest Higher Share Price – Profit Confidential” with publication date: August 03, 2018.

Carpenter Technology Corporation (NYSE:CRS) Institutional Positions Chart

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