Noranda Aluminum Holding Corporation discloses insider transaction

Noranda Aluminum Holding Corporation, Rolfe Ronald S, Director of Noranda Aluminum Holding CORP had purchased 086 shares on March 26, 2015 in a transaction. The price per share was $3.04 and the total amount of the disclosed transaction was $261.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Noranda Aluminum Holding Corporation : Volatility spiked in the counter of Noranda Aluminum Holding Corporation but the bulls managed to end the day with appreciating gains. The share price opened at $3.18 and hit an intraday high of $3.36; however, hefty profit booking made the counter give up most of its gains and the shares ended the day positively at $3.35, with a gain of 4.36% or 0.14 points. The shares had previously closed at $3.21. The heightened volatility saw the trading volume jump to 514,741 shares. The 52-week high of the share price is $5.64 and the company has a market cap of $231 million.

Noranda Aluminum Holding Corporation has recorded an average daily volume of 310,843 shares for the last 20 days. The volume traded during the previous 20 sessions as a percentage of shares outstanding is 0.45%. The latest short ratio is 3.48. A high short ratio points to heavy build up of shorts while a low ratio signifies lesser short positions. Short interest has changed by 11.15% in the past 1 month. The 3-month %change in short interest was measured at -24.38%. Increase in short interests in the 1-month and 3-month period can have bearish implications for the stock. The total monthly shares shorted relative to the total shares outstanding is 0.0218.

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