What’s Crown Holdings Inc (NYSE:CCK) Upside After This Short Interest Increase?

Crown Holdings, Inc. (NYSE:CCK) Logo

Investors sentiment decreased to 0.7 in 2018 Q2. Its down 0.20, from 0.9 in 2018Q1. It is negative, as 48 investors sold Crown Holdings, Inc. shares while 111 reduced holdings. 42 funds opened positions while 70 raised stakes. 124.75 million shares or 5.36% more from 118.40 million shares in 2018Q1 were reported.
Qs Investors Ltd Liability holds 0.01% of its portfolio in Crown Holdings, Inc. (NYSE:CCK) for 29,670 shares. Envestnet Asset Mngmt Incorporated invested in 26,203 shares or 0% of the stock. Stillwater Advisors Ltd Limited Liability Company reported 4,738 shares. Invesco Limited reported 0% stake. Dupont Cap Management Corp has 0.25% invested in Crown Holdings, Inc. (NYSE:CCK). Bnp Paribas Arbitrage Sa stated it has 27,990 shares or 0% of all its holdings. Nexus Investment Mgmt has invested 0.03% in Crown Holdings, Inc. (NYSE:CCK). Lpl Fincl Limited Liability Corp reported 10,638 shares stake. Fjarde Ap stated it has 55,901 shares or 0.04% of all its holdings. Macquarie Grp Ltd holds 64,238 shares or 0% of its portfolio. 200 are owned by Alphamark Advisors Limited Liability Corporation. Goldman Sachs holds 0.01% or 987,892 shares in its portfolio. Wealthtrust has invested 0.01% in Crown Holdings, Inc. (NYSE:CCK). Eulav Asset holds 86,100 shares or 0.18% of its portfolio. Apg Asset Management Nv invested 0.02% of its portfolio in Crown Holdings, Inc. (NYSE:CCK).

Since May 31, 2018, it had 3 buys, and 0 insider sales for $558,092 activity. The insider Funk Andrea J. bought 592 shares worth $24,962. 10,000 shares were bought by DONAHUE TIMOTHY J, worth $432,500.

The stock of Crown Holdings Inc (NYSE:CCK) registered an increase of 23.14% in short interest. CCK’s total short interest was 13.24M shares in November as published by FINRA. Its up 23.14% from 10.75M shares, reported previously. With 2.06M shares average volume, it will take short sellers 6 days to cover their CCK’s short positions. The short interest to Crown Holdings Inc’s float is 10.39%.

The stock increased 1.20% or $0.58 during the last trading session, reaching $48.35. About 1.61M shares traded. Crown Holdings, Inc. (NYSE:CCK) has declined 26.43% since November 14, 2017 and is downtrending. It has underperformed by 42.05% the S&P500.

Crown Holdings, Inc. designs, manufactures, and sells packaging products for consumer goods in the Americas, Europe, and the Asia Pacific. The company has market cap of $6.54 billion. The Company’s primary products include steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage products; and metal vacuum closures, steel crowns and caps. It has a 21.82 P/E ratio. The firm sells these products to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.

Crown Holdings, Inc. (NYSE:CCK) Ratings Coverage

Among 6 analysts covering Crown Holdings (NYSE:CCK), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Crown Holdings had 10 analyst reports since July 19, 2018 according to SRatingsIntel. Citigroup maintained the stock with “Buy” rating in Thursday, October 11 report. The rating was upgraded by Wells Fargo to “Outperform” on Monday, October 22. The stock of Crown Holdings, Inc. (NYSE:CCK) earned “Buy” rating by Citigroup on Friday, July 20. On Thursday, July 19 the stock rating was maintained by UBS with “Neutral”. On Friday, November 9 the stock rating was upgraded by Bank of America to “Buy”. Bank of America maintained Crown Holdings, Inc. (NYSE:CCK) rating on Monday, September 24. Bank of America has “Neutral” rating and $57 target. The company was downgraded on Thursday, July 19 by Bank of America. The stock of Crown Holdings, Inc. (NYSE:CCK) has “Overweight” rating given on Monday, July 23 by JP Morgan. The company was maintained on Friday, October 19 by Citigroup. The firm has “Outperform” rating given on Monday, November 12 by Credit Suisse.

More important recent Crown Holdings, Inc. (NYSE:CCK) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For November 12, 2018” on November 12, 2018, also Seekingalpha.com published article titled: “Why You Should Buy Crown Holdings”, Seekingalpha.com published: “Emerson Electric Is A Great Industrial Stock – Cramer’s Lightning Round (11/8/18)” on November 09, 2018. More interesting news about Crown Holdings, Inc. (NYSE:CCK) was released by: Seekingalpha.com and their article: “Crown Holdings, Inc. (CCK) CEO Tim Donahue on Q3 2018 Results – Earnings Call Transcript” with publication date: October 18, 2018.

Crown Holdings, Inc. (NYSE:CCK) Institutional Positions Chart

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