American Eagle Outfitters (NYSE:AEO) has seen a rise of 1,647,970 shares or 4.9% in the short interest. The remaining shorts are 21.5% of the total floated shares. The net short interest, as on June 15,2016, stood at 35,154,679 shares and the stocks days to cover will be 8 by factoring in the average per day volume of 4,205,682 shares. On May 31,2016, 33,506,709 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
American Eagle Outfitters (NYSE:AEO): The stock opened at $14.87 on Friday but the bulls could not build on the opening and the stock topped out at $15.41 for the day. The stock traded down to $14.87 during the day, due to lack of any buying support eventually closed down at $15.34 with a loss of -0.13% for the day. The stock had closed at $15.36 on the previous day. The total traded volume was 7,669,623 shares.
The company shares have dropped -11.38% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $18.49 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $15.13 and the 200 Day Moving Average price is recorded at $15.20.
Stocks of American Eagle Outfitters (NYSE:AEO) rallied by 1.79% during the past week but lost 1.98% on a 4-week basis. In the past week, the company has outperformed the S&P 500 by 3.48% and the outperformance has advanced to 0.99% for the last 4 weeks period.
American Eagle Outfitters, Inc. is an apparel and accessories retailer. The Company offers clothing, accessories and personal care products. The Company operates under the American Eagle Outfitters and aerie by American Eagle Outfitters brands. The American Eagle Outfitters brand offers denims, pants, shorts, sweaters, fleece, outerwear, graphic t-shirts, footwear and accessories. The aerie brand is a collection of intimates and personal care products for women, such as bras and undies at the core, and offerings in sleep, swim and apparel. The Company offers its products online at ae.com and aerie.com and at various international store locations managed by third-party operators. The Company operates around 1,000 retail stores in the United States and internationally, 955 American Eagle Outfitters stores, 101 aerie stand-alone stores and 99 third-party operated stores. The Company has stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.