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

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Huttig Building Products Inc (NASDAQ:HBP) was the target of a large growth in short interest during 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. Based on an average trading volume of 16,900 shares, the short-interest ratio is currently 41.6 days. Currently, 3.3% of the shares of the company are sold short.

Shares of HBP traded down $0.20 during trading hours on Friday, hitting $1.80. The stock had a trading volume of 33,954 shares, compared to its average volume of 21,165. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.13 and a current ratio of 2.58. The firm has a 50-day moving average price of $2.30 and a 200 day moving average price of $2.59. Huttig Building Products has a fifty-two week low of $1.57 and a fifty-two week high of $5.75.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cutter & CO Brokerage Inc. acquired a new position in shares of Huttig Building Products in the 2nd quarter valued at $26,000. BlackRock Inc. raised its position in Huttig Building Products by 9.2% during the second quarter. BlackRock Inc. now owns 80,767 shares of the company’s stock worth $208,000 after acquiring an additional 6,787 shares during the period. Renaissance Technologies LLC raised its position in Huttig Building Products by 2.5% during the second quarter. Renaissance Technologies LLC now owns 320,106 shares of the company’s stock worth $826,000 after acquiring an additional 7,800 shares during the period. Vanguard Group Inc. raised its position in Huttig Building Products by 9.4% during the second quarter. Vanguard Group Inc. now owns 630,025 shares of the company’s stock worth $1,625,000 after acquiring an additional 54,100 shares during the period. Finally, Mill Road Capital Management LLC raised its position in Huttig Building Products by 12.7% during the second quarter. Mill Road Capital Management LLC now owns 1,901,911 shares of the company’s stock worth $4,907,000 after acquiring an additional 214,910 shares during the period. Hedge funds and other institutional investors own 45.01% of the company’s stock.

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

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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