J.C. Penney Company Holding Company June 15th Short Interest Update

J.C. Penney Company Holding Company (NYSE:JCP), A drop of 1,565,723 shares or 1.7% was seen in the short interest of J C Penney Company Inc. Even as the interest dropped from 89,956,614 shares on May 31,2016 to 88,390,891 shares on June 15,2016, the days to cover came in at 7. The updated interest stood at 29.5% of the stocks floats. The stock has seen an average daily volume of 12,477,988 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

J.C. Penney Company Holding Company (NYSE:JCP): The stock opened at $8.31 on Friday but the bulls could not build on the opening and the stock topped out at $8.53 for the day. The stock traded down to $8.15 during the day, due to lack of any buying support eventually closed down at $8.46 with a loss of -1.05% for the day. The stock had closed at $8.55 on the previous day. The total traded volume was 16,991,648 shares.

The company shares have dropped -0.59% from its 1 Year high price. On Mar 8, 2016, the shares registered one year high at $11.99 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $8.07 and the 200 Day Moving Average price is recorded at $8.56.

J.C. Penney Company Holding Company (NYSE:JCP) has tumbled 0.24% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 7.63% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.42% and the outperformance has advanced to 10.89% for the last 4 weeks period.

J. C. Penney Company, Inc. (JCPenney) is a holding company. The Companys operating subsidiary is J. C. Penney Corporation, Inc. (JCP). The Companys business consists of selling merchandise and services to consumers through its department stores and Website at jcpenney.com, which utilizes applications for desktop, mobile and tablet devices. The Companys online customer purchases by direct shipment to the customer from its distribution facilities and stores or from its suppliers warehouses and by in store customer pick up. The Company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside JCPenney and home furnishings. The Companys department stores provide its customers with services, such as styling salon, optical, portrait photography and custom decorating.

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