Hormel Foods Corporation June 15th Short Interest Update

Hormel Foods Corporation (NYSE:HRL), A rise of 978,884 shares or 3.9% was seen in the short interest of Hormel Foods. Even as the interest increased from 25,184,088 shares on May 31,2016 to 26,162,972 shares on June 15,2016, the days to cover came in at 9. The updated interest stood at 9.7% of the stocks floats. The stock has seen an average daily volume of 2,964,745 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Hormel Foods Corporation (NYSE:HRL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.83 and $33.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.34, notching a gain of 2.17% for the day. The total traded volume was 5,930,693 . The stock had closed at $34.59 on the previous day.

The company shares have rallied 25.61% from its 1 Year high price. On Feb 16, 2016, the shares registered one year high at $45.72 and the one year low was seen on Jul 7, 2015. The 50-Day Moving Average price is $35.84 and the 200 Day Moving Average price is recorded at $39.59.

Hormel Foods Corporation (NYSE:HRL) has climbed 1.32% in the past week and advanced 1.61% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3% and the outperformance has advanced to 4.68% for the last 4 weeks period.

Hormel Foods Corporation is a multinational manufacturer and marketer of food and meat products. The Company has five segments: Grocery Products, which consists of the processing, marketing and sale of shelf-stable food products sold primarily in the retail market; Refrigerated Foods, which consists of the processing, marketing and sale of branded and unbranded pork and beef products for retail, foodservice and fresh product customers; Jennie-O Turkey Store, which consists of the processing, marketing and sale of branded and unbranded turkey products for retail, foodservice and fresh product customers; Specialty Foods, which consists of the packaging and sale of private label shelf stable products, nutritional products, sugar and condiments to industrial, retail and foodservice customers, and International & Other, which includes the Hormel Foods International operating segment, which manufactures, markets and sells the Company products internationally.

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