Mohawk Industries Short Base Rises

| About: Mohawk Industries (MHK)

Mohawk Industries Inc. (NYSE:MHK) is the second-largest maker of commercial and residential carpets, rugs, and other floor coverings in the US and one of the largest carpet makers in the world. The utilization (which measures the supply and demand in the securities lending market) of MHK is 50.05% and has increased 5.62% in the last month. Over the same period, the share price has decreased 7.01%.

After missing earnings estimates in the last two quarters many believe that the Q2 earnings (which are reported on 22nd July) will be vital to the companies mid- term market valuation.

The home furnishings sector has an average utilization of 29.01%, which is down 8.42% over the past month.

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