KapStone Paper and Packaging Corporation has dropped 6.01% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 6.23% in the last 4 weeks. The counter has underperformed the S&P 500 by 4.5% during the past week but KapStone Paper and Packaging Corporation (NYSE:KS) has outperformed the index in 4 weeks by 5.42%.
KapStone Paper and Packaging Corp (KS) suffered a minor setback as the shares lost 0.6137% or 0.2 points. During the trading session, the price hit a ceiling of 32.62 and took support from the floor value of 31.45. In this session of profit booking, the shares closed at 32.39 with the number of shares traded hitting 1,519,420. The counter has a 52-week high of 35.88 and the yearly floor price, i.e. the 52-week low is 23.55. The company has a 30-day simple moving average of 32.29 and the 60-day simple moving average is registered at 31.07, according to the most recent information available. The trading currency is in USD.
KapStone Paper and Packaging Corporation (NYSE:KS) has a short ratio of 3.19. Higher the ratio, the more pressurized the stock will be, lower the ratio, lesser the duress on the stock. The short interest has seen a change of 20.5% in the past month. The 3-month change in short interest was measured at 1.92%. The ratio of monthly shorts to total outstanding shares stands at 0.025. The average daily volume for the last 20 days is 1,045,130 shares. The 20-day volume is 1.09% of the total shares outstanding. A low short ratio indicates marginal bearishness while a high short ratio represents excessive pessimism.
Source : http://www.ashburndaily.com/