Aarons June 15th Short Interest Update

Aarons (NYSE:AAN) reported a drop of 7.8% or 186,769 shares in its short interest. The short figure came in at 3.4% of the total floats. The average daily volume of 619,820 shares suggests that the days to cover 2,203,089 short positions, as on June 15,2016, will be 4. On May 31,2016, the short interest was 2,389,858 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Aarons (NYSE:AAN): The stock opened at $21.47 on Friday but the bulls could not build on the opening and the stock topped out at $22.10 for the day. The stock traded down to $21.38 during the day, due to lack of any buying support eventually closed down at $21.73 with a loss of -3.34% for the day. The stock had closed at $22.48 on the previous day. The total traded volume was 6,824,275 shares.

The company shares have dropped -40.02% from its 1 Year high price. On Oct 9, 2015, the shares registered one year high at $40.80 and the one year low was seen on Jan 8, 2016. The 50-Day Moving Average price is $23.99 and the 200 Day Moving Average price is recorded at $23.68.

Aarons (NYSE:AAN) has tumbled 4.32% during the past week and has dropped 13.15% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.73%. Aarons (NYSE:AAN) has underperformed the index by 10.52% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Aarons, Inc. (Aarons) is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The Company operates through five segments: The Aarons Sales and Lease Ownership segment, which offers furniture, electronics, appliances and computers to consumers on a monthly payment basis; Progressive, which is a virtual lease-to-own company that provides lease-purchase solutions; The HomeSmart segment, which offers furniture, electronics, appliances and computers to consumers on a weekly payment basis; Franchise, which awards franchises and supports franchisees of its sales and lease ownership concept, and Manufacturing segment, which manufactures upholstered furniture and bedding for use by Company-operated and franchised stores. Its products include flat-screen televisions, computers, tablets, living room, dining room and bedroom furniture, among others. Its brands include Samsung, Frigidaire, Hewlett-Packard, LG, Maytag, RCA and JVC.

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