Vipshop Holdings Limited (NYSE:VIPS) has seen a rise of 6,543,302 shares or 24.8% in the short interest. The remaining shorts are 7% of the total floated shares. The net short interest, as on June 15,2016, stood at 32,973,939 shares and the stocks days to cover will be 5 by factoring in the average per day volume of 6,682,886 shares. On May 31,2016, 26,430,637 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Vipshop Holdings Limited (NYSE:VIPS): The stock opened at $10.75 on Friday but the bulls could not build on the opening and the stock topped out at $11.23 for the day. The stock traded down to $10.62 during the day, due to lack of any buying support eventually closed down at $11.02 with a loss of -3.16% for the day. The stock had closed at $11.38 on the previous day. The total traded volume was 8,347,071 shares.
The company shares have dropped -48.84% from its 1 Year high price. On Jul 10, 2015, the shares registered one year high at $23.56 and the one year low was seen on May 23, 2016. The 50-Day Moving Average price is $11.49 and the 200 Day Moving Average price is recorded at $12.91.
Stocks of Vipshop Holdings Limited (NYSE:VIPS) rallied by 1.19% during the past week but lost 2.48% on a 4-week basis. In the past week, the company has outperformed the S&P 500 by 2.87% and the outperformance has advanced to 0.47% for the last 4 weeks period.
Vipshop Holdings Limited is a holding company. The Company, through its wholly owned subsidiaries, operates as an online discount retailer for brands in China. The Company offers a range of apparel, fashion goods, cosmetics, home goods and lifestyle products from domestic and international brands. The Companys product categories include womenswear, menswear, footwear, accessories, handbags, children, sportswear and sporting goods, cosmetics, home goods and other lifestyle products, luxury goods, and gifts and miscellaneous. The Company offers branded products to consumers through flash sales model on its vip.com Website. The Company has launched channels on its Website, which include Vipshop Beauty, Vipshop Home, Vipshop Baby and Global Sale. The Company also offers a range of products and services through lefeng.com, specializing in branded cosmetics, apparel, healthcare products, food and other consumer products.