Fossil Group June 15th Short Interest Update

Fossil Group (NASDAQ:FOSL), A increase of 96,986 shares or 1.4% was observed in the short interest of Fossil Group, Inc. The interest on June 15,2016 came in at 7,024,179 shares and as per the average daily trading of 859,084 shares, the days to cover are 8. The increased interest is 17.1% of the floated shares. The data of May 31,2016 put the interest at 6,927,193 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Fossil Group (NASDAQ:FOSL): The stock opened at $29.35 on Friday but the bulls could not build on the opening and the stock topped out at $29.61 for the day. The stock traded down to $27.71 during the day, due to lack of any buying support eventually closed down at $27.81 with a loss of -9.03% for the day. The stock had closed at $30.57 on the previous day. The total traded volume was 5,338,799 shares.

The company shares have dropped -59.95% from its 1 Year high price. On Jul 2, 2015, the shares registered one year high at $72.32 and the one year low was seen on May 18, 2016. The 50-Day Moving Average price is $29.25 and the 200 Day Moving Average price is recorded at $36.86.

Fossil Group (NASDAQ:FOSL) has tumbled 6.14% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.36% in the last four weeks. The stocks have underperformed the S&P 500 by 4.58% during the past week but Fossil Group (NASDAQ:FOSL) it has outperformed the index in 4 weeks by 3.4%.

Fossil Group, Inc. is a global designer, marketer and distributor company that specializes in consumer fashion accessories. The Companys offerings include a line of mens and womens fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, soft accessories, and select apparel. The Company operates in four different segments: the North America Wholesale segment, the Europe Wholesale segment, Asia Pacific Wholesale segment and the Direct to Consumer segment. Its products are distributed globally through various distribution channels, including wholesale, retail stores and commercial Websites. The Company sells its products through a diversified distribution network that includes department stores, specialty retail locations, specialty watch and jewelry stores, Company-owned retail and factory outlet stores, mass market stores, and through its FOSSIL Website.

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