BlueLinx Holdings Inc. (NYSE:BXC) Short Interest Up 9.0% in June

BlueLinx Holdings Inc. (NYSE:BXC) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 2,569,500 shares, a growth of 9.0% from the May 15th total of 2,357,400 shares. Approximately 29.1% of the shares of the company are short sold. Based on an average daily trading volume, of 140,000 shares, the days-to-cover ratio is currently 18.4 days.

Separately, TheStreet lowered shares of Bancorp from a “b-” rating to a “c” rating in a report on Monday, April 8th.

NYSE:BXC traded down $0.33 during mid-day trading on Friday, reaching $19.73. 121,329 shares of the company were exchanged, compared to its average volume of 132,958. BlueLinx has a 12 month low of $17.88 and a 12 month high of $43.89. The firm’s fifty day moving average is $19.81.

BlueLinx (NYSE:BXC) last announced its quarterly earnings results on Wednesday, May 8th. The construction company reported ($0.30) earnings per share for the quarter. The firm had revenue of $638.70 million during the quarter. BlueLinx had a negative net margin of 1.35% and a negative return on equity of 606.34%.

In other BlueLinx news, major shareholder Nokomis Capital, L.L.C. purchased 2,335 shares of the stock in a transaction on Tuesday, July 9th. The shares were purchased at an average price of $18.60 per share, with a total value of $43,431.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.07% of the company’s stock.

Several large investors have recently made changes to their positions in BXC. BNP Paribas Arbitrage SA raised its holdings in BlueLinx by 398.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,859 shares of the construction company’s stock worth $50,000 after buying an additional 1,486 shares during the period. Rhumbline Advisers grew its stake in shares of BlueLinx by 45.9% in the fourth quarter. Rhumbline Advisers now owns 11,888 shares of the construction company’s stock valued at $294,000 after buying an additional 3,741 shares in the last quarter. Bank of America Corp DE grew its stake in shares of BlueLinx by 47.5% in the fourth quarter. Bank of America Corp DE now owns 12,242 shares of the construction company’s stock valued at $303,000 after buying an additional 3,941 shares in the last quarter. WINTON GROUP Ltd grew its stake in shares of BlueLinx by 28.7% in the second quarter. WINTON GROUP Ltd now owns 12,974 shares of the construction company’s stock valued at $257,000 after buying an additional 2,894 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of BlueLinx by 13.6% in the fourth quarter. California Public Employees Retirement System now owns 18,551 shares of the construction company’s stock valued at $458,000 after buying an additional 2,225 shares in the last quarter. Institutional investors and hedge funds own 82.86% of the company’s stock.

BlueLinx Company Profile

BlueLinx Holdings Inc, together with its subsidiaries, distributes building and industrial products in the United States. It distributes structural products, including plywood, oriented strand board, rebar and remesh, lumber, spruce, and other wood products primarily used for structural support, walls, and flooring in construction projects; and specialty products comprising engineered wood, moulding, siding, cedar, metal, and insulation products.

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