Short Interest in Huttig Building Products Inc (NASDAQ:HBP) Grows By 39.7%

Huttig Building Products Inc (NASDAQ:HBP) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 703,300 shares, a growth of 39.7% from the July 31st total of 503,400 shares. Currently, 3.3% of the company’s shares are sold short. Based on an average daily trading volume, of 16,900 shares, the days-to-cover ratio is currently 41.6 days.

Separately, ValuEngine upgraded Huttig Building Products from a “sell” rating to a “hold” rating in a report on Saturday, July 27th.

In related news, CMO David Fishbein sold 23,378 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $2.01, for a total value of $46,989.78. Following the transaction, the chief marketing officer now directly owns 175,669 shares of the company’s stock, valued at approximately $353,094.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.65% of the company’s stock.



A number of hedge funds and other institutional investors have recently made changes to their positions in HBP. Cutter & CO Brokerage Inc. acquired a new stake in Huttig Building Products in the 2nd quarter valued at $26,000. BlackRock Inc. increased its holdings in Huttig Building Products by 9.2% in the 2nd quarter. BlackRock Inc. now owns 80,767 shares of the company’s stock valued at $208,000 after purchasing an additional 6,787 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Huttig Building Products by 2.5% in the 2nd quarter. Renaissance Technologies LLC now owns 320,106 shares of the company’s stock valued at $826,000 after purchasing an additional 7,800 shares in the last quarter. Vanguard Group Inc. increased its holdings in Huttig Building Products by 9.4% in the 2nd quarter. Vanguard Group Inc. now owns 630,025 shares of the company’s stock valued at $1,625,000 after purchasing an additional 54,100 shares in the last quarter. Finally, Mill Road Capital Management LLC increased its holdings in Huttig Building Products by 12.7% in the 2nd quarter. Mill Road Capital Management LLC now owns 1,901,911 shares of the company’s stock valued at $4,907,000 after purchasing an additional 214,910 shares in the last quarter. Hedge funds and other institutional investors own 45.01% of the company’s stock.

NASDAQ HBP traded down $0.02 during trading hours on Thursday, hitting $2.00. The company had a trading volume of 39,600 shares, compared to its average volume of 29,740. Huttig Building Products has a fifty-two week low of $1.57 and a fifty-two week high of $5.75. The company has a quick ratio of 1.13, a current ratio of 2.58 and a debt-to-equity ratio of 3.72. The firm’s 50 day moving average is $2.32 and its 200 day moving average is $2.59.

About Huttig Building Products

Huttig Building Products, Inc, together with its subsidiaries, distributes millwork, building materials, and wood products for new residential construction, home improvement, remodeling, and repair work in the United States. The company offers various millwork products, including exterior and interior doors, pre-hung and factory finished door units, windows, patio doors, mouldings, frames, stair parts, and columns under the Therma-Tru, Masonite, Woodgrain, HB&G, Simpson Door, Final Frame, BrasPine, Arauco, Windsor Windows, and Rogue Valley Door brands.

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