Rentech, Inc. (RTK) Short Interest Update
Rentech, Inc. (NASDAQ:RTK) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 1,543,802 shares, a growth of 29.8% from the August 31st total of 1,189,800 shares. Based on an average daily volume of 431,690 shares, the short-interest ratio is presently 3.6 days. Approximately 7.2% of the shares of the company are sold short.
An institutional investor recently raised its position in Rentech stock. Vanguard Group Inc. increased its holdings in shares of Rentech, Inc. (NASDAQ:RTK) by 8.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 513,353 shares of the energy company’s stock after acquiring an additional 38,097 shares during the period. Vanguard Group Inc. owned about 2.21% of Rentech worth $233,000 at the end of the most recent quarter. Institutional investors own 29.36% of the company’s stock.
Shares of Rentech (NASDAQ:RTK) opened at 0.48 on Tuesday. Rentech has a 52 week low of $0.23 and a 52 week high of $3.04. The company’s market capitalization is $11.14 million. The company’s 50 day moving average is $0.32 and its 200-day moving average is $0.43.
Rentech (NASDAQ:RTK) last issued its quarterly earnings data on Thursday, August 10th. The energy company reported ($0.45) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.15). The firm had revenue of $24.74 million for the quarter. Rentech had a negative return on equity of 33.77% and a negative net margin of 140.19%. On average, analysts expect that Rentech will post $12.24 EPS for the current fiscal year.
Rentech Company Profile
Rentech, Inc is a provider of wood fiber processing services, wood chips and wood pellets. The Company’s processing business includes Fulghum Fibres, Inc (Fulghum), which operates approximately 30 wood chipping mills in the United States and South America. The Company provides wood yard operations services.
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