Bed Bath & Beyond June 15th Short Interest Update

Bed Bath & Beyond (NASDAQ:BBBY), A rise of 2,258,150 shares or 15% was seen in the short interest of Bed Bath & Beyond Inc.. Even as the interest increased from 15,014,279 shares on May 31,2016 to 17,272,429 shares on June 15,2016, the days to cover came in at 10. The updated interest stood at 11.4% of the stocks floats. The stock has seen an average daily volume of 1,788,292 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Bed Bath & Beyond (NASDAQ:BBBY): The stock opened at $42.60 on Friday but the bulls could not build on the opening and the stock topped out at $43.62 for the day. The stock traded down to $42.37 during the day, due to lack of any buying support eventually closed down at $43.31 with a loss of -1.19% for the day. The stock had closed at $43.83 on the previous day. The total traded volume was 7,611,384 shares.

The company shares have dropped -37.02% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $70.83 and the one year low was seen on Jun 23, 2016. The 50-Day Moving Average price is $43.78 and the 200 Day Moving Average price is recorded at $46.79.

Bed Bath & Beyond (NASDAQ:BBBY) has tumbled 1.23% during the past week and has dropped 2.74% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.41% and the outperformance has advanced to 0.2% for the last 4 weeks period.

Bed Bath & Beyond Inc. and subsidiaries is a retailer selling an assortment of domestics merchandise and home furnishings, which operates under the names Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!, Harmon or Harmon Face Values, buybuy BABY and World Market, Cost Plus World Market or Cost Plus. Customers can purchase products from the Company either in-store, online or through a mobile device. In addition, the Company operates Of a Kind, an e-commerce Website that features specially commissioned, limited edition items from emerging fashion and home designers. It also operates Linen Holdings, a provider of a variety of textile products, amenities and other goods to institutional customers in the hospitality, cruise line, healthcare and other industries. The Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond. It sells an assortment of domestics merchandise and home furnishings.

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.