Aramark (NYSE:ARMK) has seen a shortfall of 105,715 shares or 2.4% in the short interest. The remaining shorts are 1.9% of the total floated shares. The net short interest, as on June 15,2016, stood at 4,340,855 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 1,342,353 shares. On May 31,2016, 4,446,570 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Aramark (NYSE:ARMK): The stock opened at $32.94 on Friday but the bulls could not build on the opening and the stock topped out at $33.21 for the day. The stock traded down to $32.39 during the day, due to lack of any buying support eventually closed down at $32.40 with a loss of -4.45% for the day. The stock had closed at $33.91 on the previous day. The total traded volume was 5,745,436 shares.
The company shares have rallied 3.38% from its 1 Year high price. On Dec 17, 2015, the shares registered one year high at $35.06 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $33.25 and the 200 Day Moving Average price is recorded at $32.57.
Aramark (NYSE:ARMK) has tumbled 2.29% during the past week and has dropped 2.67% in the last 4 week period. The stocks have underperformed the S&P 500 by 0.67% during the past week but Aramark (NYSE:ARMK) it has outperformed the index in 4 weeks by 0.27%.
Aramark, formerly ARAMARK Holdings Corporation, is a global provider of food, facilities and uniform services to education, healthcare, business and industry and sports, leisure and corrections clients. The Companys core market is North America. It serves students, patients, employees, sports fans and guests worldwide. It serves over 500 million meals annually to approximately five million students at colleges, universities, and K-12 schools, services over 2,000 healthcare facilities, caters to approximately 100 million sports fans, and operates in 22 countries in North America, Europe, Asia and South America, as of September 28, 2012. It operates in three reportable segments: food and Support Services North America, or FSS North America, Food and Support Services International, or FSS International, and Uniform and Career Apparel, or Uniform.