Avon Products June 15th Short Interest Update

Avon Products (NYSE:AVP), A reduction of 5,202,521 shares or 21.3% was observed in the short interest of Avon Products Inc The interest on June 15,2016 came in at 19,263,934 shares and as per the average daily trading of 3,785,594 shares, the days to cover are 5. The reduced interest is 4.4% of the floated shares. The data of May 31,2016 put the interest at 24,466,455 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Avon Products (NYSE:AVP): The stock opened at $4.00 on Friday but the bulls could not build on the opening and the stock topped out at $4.00 for the day. The stock traded down to $3.75 during the day, due to lack of any buying support eventually closed down at $3.85 with a loss of -9.20% for the day. The stock had closed at $4.24 on the previous day. The total traded volume was 42,116,031 shares.

The company shares have dropped -39.66% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $6.69 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $4.05 and the 200 Day Moving Average price is recorded at $3.97.

Avon Products (NYSE:AVP) has tumbled 4.23% during the past week and has dropped 0.26% in the last 4 week period. The stocks have underperformed the S&P 500 by 2.64% during the past week but Avon Products (NYSE:AVP) it has outperformed the index in 4 weeks by 2.76%.

Avon Products, Inc. is a manufacturer and marketer of beauty and related products. The Companys offers its products under two product categories: Beauty and Fashion & Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics). Fashion & Home consists of fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, childrens products and nutritional products. The Companys segments are -based on geographic operations and include commercial business units in Latin America; Europe, Middle East & Africa; North America, and Asia Pacific. The Companys business is conducted primarily in one channel, direct selling. The Company has sales operations in 60 countries and territories, including the United States, and distributed its products in 41 other countries and territories.

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