Abercrombie & Fitch Company June 15th Short Interest Update

Abercrombie & Fitch Company (NYSE:ANF) stated loss of 529,797 shares or 3.2% in the short interest. The short interest registered from 16,747,414 on May 31,2016 to 16,217,617 on June 15,2016. In terms of floated shares, the shorted positions stood at 24.2%. The stock has been averaging 3,830,198 shares daily in trading and would need 4 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Abercrombie & Fitch Company (NYSE:ANF): The stock opened at $18.56 on Friday but the bulls could not build on the opening and the stock topped out at $18.68 for the day. The stock traded down to $17.76 during the day, due to lack of any buying support eventually closed down at $17.77 with a loss of -8.07% for the day. The stock had closed at $19.33 on the previous day. The total traded volume was 6,070,826 shares.

The company shares have dropped -19.74% from its 1 Year high price. On Mar 7, 2016, the shares registered one year high at $32.83 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $21.25 and the 200 Day Moving Average price is recorded at $26.24.

Abercrombie & Fitch Company (NYSE:ANF) has tumbled 6.38% during the past week and has dropped 11.99% 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 4.82%. Abercrombie & Fitch Company (NYSE:ANF) has underperformed the index by 9.32% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Abercrombie & Fitch Co. (A&F) is a retailer that operates stores and direct-to-consumer operations. The Company operates through three business segments: U.S. Stores, International Stores and Direct-to-Consumer. The U.S. Stores segment includes store operations in the United States and Puerto Rico. The International Stores segment includes store operations in Canada, Europe, Asia, Australia and the Middle East. The Direct-to-Consumer segment includes operations directly associated with on-line operations, both United States and international. A&F sells products, including casual sportswear apparel, including knit and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters and outerwear; personal care products, and accessories for men, women and kids under the Abercrombie & Fitch, abercrombie kids and Hollister brands. It also sells bras, underwear, personal care products, sleepwear and at-home products for girls through Hollister under the Gilly Hicks brand.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.