Coach (NYSE:COH) has witnessed a drop of 17.4% or 3,197,536 shares in its short figure. The short interest diminution took it from 18,403,228 on May 31,2016 to 15,205,692 on June 15,2016. In terms of floated shares, the short interest was calculated to be 5.5%. The days to cover are 5 given that the daily volume averaged 3,315,939 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Coach (NYSE:COH): The stock opened at $39.04 on Friday but the bulls could not build on the opening and the stock topped out at $39.48 for the day. The stock traded down to $38.26 during the day, due to lack of any buying support eventually closed down at $38.48 with a loss of -4.82% for the day. The stock had closed at $40.43 on the previous day. The total traded volume was 5,180,139 shares.
The company shares have rallied 9.97% from its 1 Year high price. On Apr 27, 2016, the shares registered one year high at $42.13 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $38.91 and the 200 Day Moving Average price is recorded at $37.11.
Coach (NYSE:COH) has tumbled 0.93% during the past week and has dropped 2.83% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.72% and the outperformance has advanced to 0.11% for the last 4 weeks period.
Coach, Inc. (Coach) is a design house of modern luxury accessories and lifestyle collections. The Company operates through three segments: North America, which includes sales to North American consumers through Coach-branded stores (including the Internet) and sales to wholesale customers; International segment, which includes sales to consumers through Coach-branded stores (including the Internet) and concession shop-in-shops in Japan and mainland China, Coach-operated stores and concession shop-in-shops in Hong Kong, Macau, Singapore, Taiwan, Malaysia, South Korea, the United Kingdom, France, Ireland, Spain, Portugal, Germany, Italy, Belgium and the Netherlands, as well as sales to wholesale customers and distributors in approximately 45 countries, and Other segment, which consists of sales and expenses generated by the Coach brand in other ancillary channels, including licensing and disposition. Its product offerings include watches, footwear, scarves and jewelry.