SuperValu June 15th Short Interest Update

SuperValu (NYSE:SVU) has witnessed a drop of 9.7% or 1,321,907 shares in its short figure. The short interest diminution took it from 13,565,521 on May 31,2016 to 12,243,614 on June 15,2016. In terms of floated shares, the short interest was calculated to be 4.7%. The days to cover are 6 given that the daily volume averaged 2,204,864 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

SuperValu (NYSE:SVU): The stock opened at $4.45 on Friday but the bulls could not build on the opening and the stock topped out at $4.49 for the day. The stock traded down to $4.32 during the day, due to lack of any buying support eventually closed down at $4.35 with a loss of -4.81% for the day. The stock had closed at $4.57 on the previous day. The total traded volume was 4,966,152 shares.

The company shares have dropped -47.02% from its 1 Year high price. On Aug 3, 2015, the shares registered one year high at $9.37 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $4.64 and the 200 Day Moving Average price is recorded at $5.22.

SuperValu (NYSE:SVU) has tumbled 6.25% during the past week and has dropped 7.25% 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 4.69%. SuperValu (NYSE:SVU) has underperformed the index by 4.44% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

SUPERVALU INC. (SUPERVALU) is a wholesale distributor to independent retail customers across the United States. The Company leverages its distribution operations by providing wholesale distribution and logistics service solutions to independent retail customers and Save-A-Lot licensees, as well as wholesale distribution to its Retail Food and Save-A-Lot stores. It operates in three segments: Independent Business, which is engaged in wholesale distribution and logistics service solutions to independently owned retail stores and other customers (collectively referred to as independent retail customers); Save-A-Lot, which is engaged in the sale of groceries at retail locations operated by the Company and from stores licensed by the Company, to which it provides wholesale distribution, and Retail Food, which is engaged in the sale of groceries and other products at retail locations operated by the Company.

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