Friedman Industries Inc (NYSEAMERICAN:FRD) Just Reported Decreased Shorts

The stock of Friedman Industries Inc (NYSEAMERICAN:FRD) registered a decrease of 61.08% in short interest. FRD’s total short interest was 7,900 shares in December as published by FINRA. Its down 61.08% from 20,300 shares, reported previously. With 56,400 shares average volume, it will take short sellers 0 days to cover their FRD’s short positions. The short interest to Friedman Industries Inc’s float is 0.12%.

The stock decreased 0.13% or $0.01 during the last trading session, reaching $7.92. About 2,111 shares traded. Friedman Industries, Incorporated (NYSEAMERICAN:FRD) has risen 59.90% since December 8, 2017 and is uptrending. It has outperformed by 44.28% the S&P500.

Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and steel and pipe distribution activities in the United States. The company has market cap of $55.52 million. The firm purchases hot-rolled steel coils; processes the coils into flat, finished sheet, and plate; and sells these products on a wholesale basis. It has a 7.33 P/E ratio. It also makes, purchases, processes, and markets tubular products, including line and oil country pipes, as well as pipes for structural and other miscellaneous applications.

More notable recent Friedman Industries, Incorporated (NYSEAMERICAN:FRD) news were published by: Investorideas.com which released: “Mining Stock News: #SilverCrest (TSXV: $SIL.V; NYSE: $SILV) Announces C$31 million Strategic Investment by SSR Mining – InvestorIdeas.com” on November 29, 2018, also 247Wallst.com with their article: “General Electric, Ford Dive into Monday’s 52-Week Low Club – 24/7 Wall St.” published on August 13, 2018, Streetinsider.com published: “Form 8-K CONTANGO OIL & GAS CO For: Nov 16 – StreetInsider.com” on November 20, 2018. More interesting news about Friedman Industries, Incorporated (NYSEAMERICAN:FRD) were released by: Streetinsider.com and their article: “Form N-CSRS DELAWARE INVESTMENTS For: Sep 30 – StreetInsider.com” published on December 06, 2018 as well as Stockhouse.com‘s news article titled: “SilverCrest Announces Stock Option Grant – Stockhouse” with publication date: November 12, 2018.

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