Eastman Chemical Company (NYSE:EMN) Short Interest Up 18.6% in March

Eastman Chemical Company (NYSE:EMN) Short Interest Up 18.6% in March

Eastman Chemical Company (NYSE:EMN - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 5,349,657 shares, an increase of 18.6% from the March 15th total of 4,509,605 shares. Approximately 4.8% of the company's shares are sold short. Based on an average daily trading volume, of 1,909,622 shares, the days-to-cover ratio is currently 2.8 days.