Gap (The) (NYSE:GPS) has seen a shortfall of 149,156 shares or 0.5% in the short interest. The remaining shorts are 15% of the total floated shares. The net short interest, as on June 15,2016, stood at 32,702,665 shares and the stocks days to cover will be 5 by factoring in the average per day volume of 6,321,853 shares. On May 31,2016, 32,851,821 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Gap (The) (NYSE:GPS): The stock opened at $20.12 on Friday but the bulls could not build on the opening and the stock topped out at $20.58 for the day. The stock traded down to $20.10 during the day, due to lack of any buying support eventually closed down at $20.40 with a loss of -2.53% for the day. The stock had closed at $20.93 on the previous day. The total traded volume was 9,090,557 shares.
The company shares have dropped -46.39% from its 1 Year high price. On Jul 7, 2015, the shares registered one year high at $39.00 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $18.99 and the 200 Day Moving Average price is recorded at $24.04.
Gap (The) (NYSE:GPS) has climbed 1.34% in the past week and advanced 12.52% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.02% and the outperformance has advanced to 15.93% for the last 4 weeks period.
The Gap, Inc. is an apparel retail company. The Company offers apparel, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Piperlime, Athleta and Intermix brands. In addition to operating in the specialty, outlet, online and franchise channels, Gap Inc. is an apparel retailer in using omni-channel capabilities for digital world and physical stores. Its omni-channel services include order-in-store, reserve-in-store, find-in-store and ship-from-store that are tailored across its portfolio of brands. Gap includes GapKids, babyGap, GapMaternity, GapBody and GapFit collections. It also offers handbags, shoes, jewelry, eyewear and personal care products, among others. It has Company-operated stores in the United States, Canada, the United Kingdom, France, Ireland, Japan, Italy, China and Hong Kong. It operates Gap, Banana Republic and Old Navy stores throughout Asia, Australia, Europe, Latin America, the Middle East and Africa.