Skullcandy June 15th Short Interest Update

Skullcandy (NASDAQ:SKUL), A reduction of 45,567 shares or 3.2% was observed in the short interest of Skullcandy, Inc. The interest on June 15,2016 came in at 1,373,874 shares and as per the average daily trading of 312,770 shares, the days to cover are 4. The reduced interest is 7.1% of the floated shares. The data of May 31,2016 put the interest at 1,419,441 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Skullcandy (NASDAQ:SKUL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.65 and $5.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.76, notching a gain of 23.08% for the day. The total traded volume was 12,348,633 . The stock had closed at $4.68 on the previous day.

The company shares have dropped -24.11% from its 1 Year high price. On Aug 7, 2015, the shares registered one year high at $8.27 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $4.03 and the 200 Day Moving Average price is recorded at $3.80.

Skullcandy (NASDAQ:SKUL) has climbed 26.04% in the past week and advanced 48.07% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 28.13% and the outperformance has advanced to 52.55% for the last 4 weeks period.

Skullcandy, Inc. is a designer, marketer and distributer of audio and gaming headphones, earbuds, speakers and other accessories under the Skullcandy, Astro Gaming and 2XL brands. The Companys products are sold and distributed through a variety of channels in the United States and approximately 80 countries across the world. The Company offers an array of styles and price points and includes audio products and categories, such as gaming and sports performance, womens and Wireless offerings, as well as partnerships with manufacturers to license its brand. The Company operates in two segments: Domestic and International. The Domestic segment consists of Skullcandy and Astro Gaming product sales to customers in the United States. International segment includes Skullcandy product sales to customers in Europe, Asia, Canada and Mexico, which are served through the Companys joint venture and other geographic areas outside the United States served by its International operations.

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