Short Interest in GCP Applied Technologies Inc (NYSE:GCP) Expands By 8.0%

GCP Applied Technologies Inc (NYSE:GCP) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 3,390,000 shares, a growth of 8.0% from the December 15th total of 3,140,000 shares. Currently, 5.7% of the shares of the stock are short sold. Based on an average trading volume of 313,300 shares, the days-to-cover ratio is presently 10.8 days.

Several large investors have recently modified their holdings of GCP. Marshall Wace LLP acquired a new stake in shares of GCP Applied Technologies during the 1st quarter worth approximately $88,000. Wells Fargo & Company MN grew its holdings in GCP Applied Technologies by 62.1% during the second quarter. Wells Fargo & Company MN now owns 174,942 shares of the construction company’s stock valued at $3,961,000 after purchasing an additional 67,019 shares during the period. Bank of Montreal Can grew its holdings in GCP Applied Technologies by 161.8% during the second quarter. Bank of Montreal Can now owns 7,300 shares of the construction company’s stock valued at $165,000 after purchasing an additional 4,512 shares during the period. Renaissance Technologies LLC grew its holdings in GCP Applied Technologies by 0.9% during the second quarter. Renaissance Technologies LLC now owns 321,400 shares of the construction company’s stock valued at $7,276,000 after purchasing an additional 2,900 shares during the period. Finally, NumerixS Investment Technologies Inc grew its holdings in GCP Applied Technologies by 259.4% during the second quarter. NumerixS Investment Technologies Inc now owns 11,500 shares of the construction company’s stock valued at $260,000 after purchasing an additional 8,300 shares during the period. Institutional investors own 74.85% of the company’s stock.

GCP traded up $0.02 during midday trading on Friday, hitting $23.76. The company had a trading volume of 1,149 shares, compared to its average volume of 321,891. GCP Applied Technologies has a twelve month low of $16.51 and a twelve month high of $31.74. The firm’s 50-day simple moving average is $22.64 and its 200-day simple moving average is $21.04. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.33 and a current ratio of 2.80. The company has a market capitalization of $1.73 billion, a PE ratio of 26.21, a P/E/G ratio of 1.43 and a beta of 0.88.

GCP Applied Technologies (NYSE:GCP) last issued its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. GCP Applied Technologies had a net margin of 6.29% and a return on equity of 12.00%. The company had revenue of $266.90 million during the quarter, compared to analysts’ expectations of $270.05 million. During the same quarter in the previous year, the company earned $0.34 EPS. GCP Applied Technologies’s revenue was down 9.9% on a year-over-year basis. As a group, sell-side analysts anticipate that GCP Applied Technologies will post 0.79 EPS for the current fiscal year.

GCP has been the subject of several research reports. ValuEngine upgraded shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of GCP Applied Technologies from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Wednesday, January 8th.

About GCP Applied Technologies

GCP Applied Technologies Inc produces and sells specialty construction chemicals and specialty building materials worldwide. Its Specialty Construction Chemicals segment offers concrete admixtures under the CONCERA, CLARENA, ADVA, 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 engineered systems under the VERIFI and DUCTILCRETE brands; and cement additives under the OPTEVA HE, TAVERO VM, CBA, SYNCHRO, HEA2, TDA, and ESE brands.

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