GNC Holdings (NYSE:GNC), According to the latest information the short interest in GNC Holdings Inc. plummeted by 7.4% or 315,984 shares. The final shorts are 5.8% of the total floated shares. The positions dropped from 4,272,857 shares on May 31,2016 to 3,956,873 on June 15,2016. According to the per-day average trading of 797,270 shares, the days to cover are 5. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
GNC Holdings (NYSE:GNC): The stock opened at $24.60 on Friday but the bulls could not build on the opening and the stock topped out at $24.91 for the day. The stock traded down to $24.33 during the day, due to lack of any buying support eventually closed down at $24.50 with a loss of -4.74% for the day. The stock had closed at $25.72 on the previous day. The total traded volume was 7,249,610 shares.
The company shares have dropped -44.65% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $51.69 and the one year low was seen on Nov 17, 2015. The 50-Day Moving Average price is $25.58 and the 200 Day Moving Average price is recorded at $28.61.
GNC Holdings (NYSE:GNC) has tumbled 2.97% during the past week and has dropped 6.06% 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 1.36%. GNC Holdings (NYSE:GNC) has underperformed the index by 3.22% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
GNC Holdings, Inc. (GNC) is a specialty retailer of health and wellness products, including vitamins minerals and herbal supplement products (VMHS), sports nutrition products and diet products. Its product mix is sold under its GNC brands, including Mega Men, Ultra Mega, Total Lean, Pro Performance and Pro Performance AMP and Beyond Raw, and under third-party brands. It operates in three segments: Retail, Franchise and Manufacturing/Wholesale. The Companys retail generates revenues from sales of products to customers at Company-owned stores in the United States, Canada and Puerto Rico and through its Websites, GNC.com LuckyVitamin.com and DiscountSupplements.com. Franchise consists of its domestic and international franchise operations and generates revenues from franchise activities through product sales to franchisees royalties on franchise retail sales and franchise fees. Manufacturing/Wholesale comprises manufacturing operations in South Carolina and its wholesale sales business.