Short Interest in BlueLinx Holdings Sees Major Change
December 24, 2022
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BLUELINX ($NYSE:BXC): BlueLinx Holdings Inc., a leading distributor of building and industrial products in the United States, is a publicly traded company with its stocks listed on the New York Stock Exchange. The company supplies a variety of products to construction, home improvement, industrial and manufacturing markets. Recently, there has been a major change in the short interest in BlueLinx Holdings Inc. Short Interest is defined as the total number of shares sold short as a percentage of the total outstanding shares. If the short interest increases significantly in a particular stock, it indicates that investors are bearish on the stock and expect it to decline. This suggests that investors are growing increasingly bearish on the stock and expecting it to decline.
In addition to the increase in short interest, the average daily trading volume of BlueLinx Holdings Inc. has also seen a significant increase. This indicates that more investors are actively trading the stock and could be contributing to the increase in short interest. Overall, the recent changes in short interest and trading volume for BlueLinx Holdings Inc. suggest that investors are increasingly bearish on the stock and expect it to decline. It will be interesting to see if this bearish sentiment continues or if it reverses in the coming weeks.
Share Price
On Wednesday, BLUELINX HOLDINGS stock opened at $70.1 and closed at $71.4, up by 2.9% from the last closing price of 69.4. This is a major increase for the company and indicative of the positive sentiment that investors have towards the stock. Analysts have noted that the stock has been performing quite well recently and that it is likely to continue increasing in value as more investors become aware of the company’s potential. There is also speculation that the company may be looking to make some strategic acquisitions in order to further strengthen its position in the market. The company’s financials are also looking strong, with solid balance sheets and strong cash flow.
Furthermore, BlueLinx Holdings Inc. has been able to maintain its margins despite the volatility in the markets and this is indicative of its ability to be resilient in difficult times. Overall, short interest in BlueLinx Holdings Inc. has seen a major change recently and this is mostly due to the positive sentiment that investors have towards the company. With its strong financials and potential for growth, it is a stock that investors are watching closely and one that could potentially provide significant returns in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bluelinx Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 4.58k | 337.81 | 6.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bluelinx Holdings. More…
| Operations | Investing | Financing |
| 264.2 | -19.75 | -15.28 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bluelinx Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.53k | 975.88 | 61.72 |
Key Ratios Snapshot
Some of the financial key ratios for Bluelinx Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.3% | 212.6% | 10.3% |
| FCF Margin | ROE | ROA |
| 5.2% | 58.8% | 20.3% |
VI Analysis
Investors looking for high growth potential may be interested in BLUELINX HOLDINGS, as the company is classified as a ‘cheetah’ according to the VI Star Chart. This means that BLUELINX HOLDINGS has achieved high revenue or earnings growth in the past, but is less stable due to lower profitability. Despite this, the company has a high health score of 7/10 due to its cash flows and debt, meaning that it is capable to safely ride out any crisis without the risk of bankruptcy. When it comes to BLUELINX HOLDINGS fundamentals, the company is strong in assets, growth, and medium in profitability. However, it is weak in dividend, which may make it a less attractive option for income-seeking investors. That said, BLUELINX HOLDINGS provides investors with an opportunity to capitalize on its high growth potential, which may make it an attractive option for those looking for capital appreciation. Overall, BLUELINX HOLDINGS is a company with great potential for long term growth, and could be an attractive option for investors looking for high growth potential. Its strong fundamentals and good health score mean that it is able to safely ride out any crisis without the risk of bankruptcy. Furthermore, its asset and growth strengths make it an attractive option for investors seeking capital appreciation. More…
VI Peers
There is fierce competition between BlueLinx Holdings Inc and its competitors: Beacon Roofing Supply Inc, Noda Corp, Daiken Co Ltd. All four companies are vying for market share in the highly competitive roofing supplies industry.
However, its competitors are also well-established and are constantly innovating to try to gain market share.
– Beacon Roofing Supply Inc ($NASDAQ:BECN)
Beacon Roofing Supply, Inc. is engaged in the distribution of residential and commercial roofing materials in the United States and Canada. The Company’s segments include Residential Roofing, Commercial Roofing, Exterior and Interior Building Products, and Roofing Components and Metal Shingles. It offers a portfolio of products, including asphalt shingles, metal roofing, slate roofing, tile roofing, commercial roofing, siding, windows, decking, waterproofing and air barriers. The Company’s subsidiaries include Beacon Roofing Supply Canada Inc., and BRS International Holdings Limited.
– Noda Corp ($TSE:7879)
Noda Corp is a Japanese company that manufactures and sells electronic products. It has a market cap of 20.7B as of 2022 and a ROE of 17.42%. The company’s products include electronic components, semiconductors, and other electronic products.
– Daiken Co Ltd ($TSE:5900)
Daiken Co Ltd is a Japanese company that manufactures and sells electric power equipment, including transformers, circuit breakers, and cables. The company has a market cap of 3.67B as of 2022 and a Return on Equity of 2.29%. Daiken Co Ltd is a publicly traded company listed on the Tokyo Stock Exchange.
Summary
Investing in BlueLinx Holdings Inc. (BLU) presents an interesting opportunity for investors. Recently, there has been a major change in the stock’s short interest, suggesting that investors are taking a closer look at the company. The company has also reported strong revenue growth over the last few quarters, driven by an increase in demand for its products. In addition to its financials, BLU’s most attractive feature is its dividend yield. This makes it an attractive option for investors looking for a steady income stream from their investments. Overall, BLU presents an interesting opportunity for investors. The stock is relatively undervalued compared to its peers and offers a high dividend yield, allowing investors to benefit from both capital appreciation and income.
However, investors should do their own research before investing in BLU to ensure that it meets their individual investment goals and risk tolerance.
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