GCP Applied Technologies Inc. (NYSE:GCP) Short Interest Update - MarketBeat

2022-09-03 09:38:17 By : Mr. michael Lu

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GCP Applied Technologies Inc. (NYSE:GCP - Get Rating) was the target of a large growth in short interest in August. As of August 15th, there was short interest totalling 6,590,000 shares, a growth of 16.8% from the July 31st total of 5,640,000 shares. Based on an average daily trading volume, of 629,600 shares, the short-interest ratio is presently 10.5 days. Approximately 11.9% of the shares of the stock are sold short. GCP Applied Technologies Price Performance

Shares of NYSE GCP opened at $31.61 on Monday. The company has a current ratio of 3.93, a quick ratio of 3.22 and a debt-to-equity ratio of 0.54. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 225.79 and a beta of 0.77. The company's 50-day moving average price is $31.54 and its 200 day moving average price is $31.38. GCP Applied Technologies has a 52 week low of $20.76 and a 52 week high of $32.28.

GCP Applied Technologies (NYSE:GCP - Get Rating) last posted its earnings results on Friday, August 5th. The construction company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02). GCP Applied Technologies had a net margin of 1.10% and a return on equity of 5.90%. The company had revenue of $268.40 million during the quarter. During the same quarter in the prior year, the firm posted $0.22 earnings per share. The business's quarterly revenue was up 5.9% compared to the same quarter last year. As a group, research analysts forecast that GCP Applied Technologies will post 0.55 earnings per share for the current fiscal year. Institutional Investors Weigh In On GCP Applied Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Quent Capital LLC acquired a new stake in GCP Applied Technologies during the fourth quarter worth approximately $80,000. Meeder Asset Management Inc. lifted its stake in shares of GCP Applied Technologies by 23,915.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 3,122 shares of the construction company's stock worth $98,000 after purchasing an additional 3,109 shares during the period. US Bancorp DE boosted its holdings in shares of GCP Applied Technologies by 470.3% during the second quarter. US Bancorp DE now owns 3,673 shares of the construction company's stock worth $115,000 after purchasing an additional 3,029 shares during the last quarter. PenderFund Capital Management Ltd. purchased a new stake in shares of GCP Applied Technologies in the fourth quarter valued at $160,000. Finally, Quantbot Technologies LP purchased a new position in GCP Applied Technologies during the second quarter worth about $132,000. 78.82% of the stock is currently owned by hedge funds and other institutional investors. GCP Applied Technologies Company Profile (Get Rating)

GCP Applied Technologies Inc produces and sells specialty construction chemicals and specialty building materials worldwide. The company's Specialty Construction Chemicals segment offers concrete admixtures under the CONCERA, CLARENA, ADVA, CLARENA RC40, STRUX, MIRA, TYTRO, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA, and ZYLA brands; admixtures for decorative concrete under the PIERI brand; concrete production management and control systems under the VERIFI brand; engineered concrete slab systems under the DUCTILCRETE brand; and cement additives under the OPTEVA HE, TAVERO VM, CBA, SYNCHRO, HEA2, TDA, and ESE brands.Featured StoriesGet a free copy of the StockNews.com research report on GCP Applied Technologies (GCP)Why Trading Volume is Unusually High on These 3 StocksCan NetApp Resume Its Rally After Strong Earnings Guidance? Three Reasons Why Medtronic Stock can be a Recession Winner Rivian Rising to the Challenge3 Deflation Enablers Stocks that Can Thrive in a Recession

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