L Brands (NYSE:LB) has seen a rise of 3,773,245 shares or 44.4% in the short interest. The remaining shorts are 5.1% of the total floated shares. The net short interest, as on June 15,2016, stood at 12,269,803 shares and the stocks days to cover will be 4 by factoring in the average per day volume of 2,970,868 shares. On May 31,2016, 8,496,558 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
L Brands (NYSE:LB): The stock opened at $67.09 on Friday but the bulls could not build on the opening and the stock topped out at $68.00 for the day. The stock traded down to $67.07 during the day, due to lack of any buying support eventually closed down at $67.48 with a loss of -2.42% for the day. The stock had closed at $69.15 on the previous day. The total traded volume was 4,526,514 shares.
The company shares have dropped -20.69% from its 1 Year high price. On Nov 4, 2015, the shares registered one year high at $101.11 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $67.55 and the 200 Day Moving Average price is recorded at $82.83.
L Brands (NYSE:LB) has tumbled 1.17% during the past week and has dropped 0.65% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.47% and the outperformance has advanced to 2.36% for the last 4 weeks period.
L Brands, Inc. operates specialty retail business. The Company is a specialty retailer of womens intimate and other apparel, beauty and personal care products and accessories. It operates in three segments: Victorias Secret, which includes Victorias Secret PINK, which is the specialty retailer of womens intimate and other apparel with fashion-inspired collections, prestige fragrances, celebrated supermodels and world-famous runway shows; Bath & Body Works, which is the specialty retailer of home fragrance and personal care products, including shower gels, lotions, soaps and sanitizers, and Victorias Secret and Bath & Body Works International, which includes the Victorias Secret and Bath & Body Works company-owned and partner-operated stores outside of the United States and Canada. It sells its merchandise through company-owned specialty retail stores in the United States, Canada and the United Kingdom, which are primarily mall-based, and through its Websites and other channels.