The short interest in Granite Construction Inc. has declined from 2,329,632 on December 15,2014 to 2,323,258 on December 31,2014. The change was measured at 6,374 shares or 0.3%. The leftover shorts were 6% of the floated shares. The days to cover are 14, given the average daily volume of 163,091 shares.
Granite Construction Inc. witnessed loss in its share price at the end of a range bound trading session. The shares closed the day with a loss of 3.38% or 1.19 points, at $34.04. The shares opened at $35.2 and the price vacillated between $33.02 and $35.44 throughout the day. The previous day close of the share price was $35.23. The interesting trading session was marked by a volume range of 342,405 shares. The market cap of Granite Construction Inc. is $1,333 million and the company has 39,153,000 outstanding shares. The 52-week high of the share price is $40.55.
Granite Construction Incorporated (Granite) is a diversified heavy civil contractors and construction materials producers in the United States. The Company operates in four segments: Construction, Large Project Construction, Construction Materials and Real Estate. The Company operates nationwide, serving both public and private sector clients. Within the public sector, it primarily concentrates on heavy-civil infrastructure projects, including the construction of roads, highways, mass transit facilities, airport infrastructure, bridges, dams and other infrastructure related projects. Within the private sector, it performs site preparation and infrastructure services for residential development, commercial and industrial buildings, and other facilities. It also has contractor-owned heavy construction equipment fleets in the United States. In December 2012, it purchased 100% interest of Kenny Construction Company (Kenny).
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