Hanesbrands (NYSE:HBI) has seen a rise of 2,641,901 shares or 12.8% in the short interest. The remaining shorts are 6.2% of the total floated shares. The net short interest, as on June 15,2016, stood at 23,328,606 shares and the stocks days to cover will be 6 by factoring in the average per day volume of 3,686,812 shares. On May 31,2016, 20,686,705 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Hanesbrands (NYSE:HBI): The stock opened at $25.64 on Friday but the bulls could not build on the opening and the stock topped out at $25.89 for the day. The stock traded down to $25.46 during the day, due to lack of any buying support eventually closed down at $25.62 with a loss of -3.21% for the day. The stock had closed at $26.47 on the previous day. The total traded volume was 6,443,422 shares.
The company shares have dropped -23.25% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $34.67 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $26.91 and the 200 Day Moving Average price is recorded at $28.16.
Hanesbrands (NYSE:HBI) has tumbled 2.33% during the past week and has dropped 5.22% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.7%. Hanesbrands (NYSE:HBI) has underperformed the index by 2.35% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Hanesbrands Inc. is a manufacturer and marketer of apparel. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Companys innerwear and activewear apparel brands include Hanes, Champion, Bali, Playtex, Maidenform, JMS/Just My Size, Leggs, Flexees, barely there, Wonderbra, Gear for Sports and Lilyette. Its international brands also include DIM, Nur Die/Nur Der, Zorba, Rinbros and Shock Absorber, among others. The Companys Innerwear segment focuses on apparel products, such as intimate apparel, mens underwear, childrens underwear and socks. In the activewear market, it sells products, such as T-shirts and fleece to both retailers and wholesalers. Its Direct to Consumer operations include its domestic Company-operated outlet stores, catalogs and Website operations that sell its branded products to consumers in the United States. The Companys international markets are Europe, Canada, Japan, Mexico, Brazil and Australia.