Burlington Stores June 15th Short Interest Update

Burlington Stores (NYSE:BURL) has witnessed a rise of 4.1% or 256,874 shares in its short figure. The short interest augmentation took it from 6,330,348 on May 31,2016 to 6,587,222 on June 15,2016. In terms of floated shares, the short interest was calculated to be 9.4%. The days to cover are 6 given that the daily volume averaged 1,062,994 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Burlington Stores (NYSE:BURL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $61.35 and $60.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.53, notching a gain of 1.08% for the day. The total traded volume was 7,257,784 . The stock had closed at $62.85 on the previous day.

The company shares have rallied 24.84% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $64.51 and the one year low was seen on Nov 13, 2015. The 50-Day Moving Average price is $59.41 and the 200 Day Moving Average price is recorded at $53.78.

Burlington Stores (NYSE:BURL) has climbed 0.59% in the past week and advanced 4.16% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.26% and the outperformance has advanced to 7.32% for the last 4 weeks period.

Burlington Stores, Inc. is a retailer of branded apparel. As of January 31, 2015, the Company had 542 stores, inclusive of an Internet store, in 44 states of the United States and Puerto Rico. The Companys offerings for women include dresses, tops, bottoms, coats, shoes, suits and suit separates, handbags, intimates and sleepwear, active wear, sweaters, swimwear and cover-ups, jewelry and watches, maternity, beauty and fragrance and scrubs. The Companys offerings for men include t-shirts, suits and suit separates, coats, shoes, pants, button downs, jeans, shorts, dress shirts, polos, hoodies and sweatshirts, swim and active wear, sports fan shop, socks and underwear, pajamas and robes, grooming, gadgets and gifts, belts, wallets and sweaters. The Companys offerings for juniors include dresses, tops, bottoms, shoes, coats, sweaters, handbags, sleepwear, swimwear, beauty and fragrance, jewelry and watches.

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