Pier 1 Imports (NYSE:PIR) has witnessed a rise of 35.6% or 3,588,746 shares in its short figure. The short interest augmentation took it from 10,066,748 on May 31,2016 to 13,655,494 on June 15,2016. In terms of floated shares, the short interest was calculated to be 17.1%. The days to cover are 6 given that the daily volume averaged 2,278,740 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Pier 1 Imports (NYSE:PIR): The stock opened at $5.40 on Friday but the bulls could not build on the opening and the stock topped out at $5.80 for the day. The stock traded down to $5.38 during the day, due to lack of any buying support eventually closed down at $5.70 with a loss of -2.40% for the day. The stock had closed at $5.84 on the previous day. The total traded volume was 5,855,821 shares.
The company shares have dropped -53.01% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $13.28 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $5.61 and the 200 Day Moving Average price is recorded at $5.57.
Stocks of Pier 1 Imports (NYSE:PIR) rallied by 3.64% during the past week but lost 0.7% on a 4-week basis. In the past week, the company has outperformed the S&P 500 by 5.36% and the outperformance has advanced to 2.31% for the last 4 weeks period.
Pier 1 Imports, Inc. is a global importer of home decor and furniture. The Companys operations consist of retail stores and an e-commerce Website conducting business under the name Pier 1 Imports, which sells a range of furniture, home furnishings, dining and kitchen goods, candles, gifts and other specialty items for the home. The Company operates approximately 984 stores in the United States, 81 stores in Canada and an e-commerce Website. Its stores in the United States and Canada average approximately 9,900 gross square feet, which includes an average of approximately 7,900 square feet of retail selling space. The stores are located in freestanding units near shopping centers or malls and in-line positions in shopping centers. It operates in all United States and Canadian metropolitan areas and in primary smaller markets. The Companys categories of merchandise include decorative accessories and furniture.