General Mills (NYSE:GIS) reported a rise of 0.5% or 72,309 shares in its short interest. The short figure came in at 2.3% of the total floats. The average daily volume of 2,213,115 shares suggests that the days to cover 13,621,599 short positions, as on June 15,2016, will be 6. On May 31,2016, the short interest was 13,549,290 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
General Mills (NYSE:GIS): The stock opened at $65.66 on Friday but the bulls could not build on the opening and the stock topped out at $66.85 for the day. The stock traded down to $65.41 during the day, due to lack of any buying support eventually closed down at $66.14 with a loss of -0.94% for the day. The stock had closed at $66.77 on the previous day. The total traded volume was 4,836,035 shares.
The company shares have rallied 17.98% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $66.88 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $64.12 and the 200 Day Moving Average price is recorded at $60.44.
General Mills (NYSE:GIS) has climbed 0.5% in the past week and advanced 5.2% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.17% and the outperformance has advanced to 8.38% for the last 4 weeks period.
General Mills, Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company is organized into three operating segments: U.S. Retail, International, and Convenience Stores and Foodservice. The Company offers a range of food products with a focus on five categories: ready-to-eat cereal; convenient meals, including meal kits, ethnic meals, pizza, soup, side dish mixes, frozen breakfast and frozen entrees; snacks, including grain, fruit and savory snacks, nutrition bars and frozen hot snacks; yogurt, and super-premium ice cream. The Companys other product categories include baking mixes and ingredients; refrigerated and frozen dough, and frozen and shelf-stable vegetables. The Company has 50% interests in two joint ventures that manufacture and market food products.