Lowes Companies (NYSE:LOW) has witnessed a rise of 21.7% or 2,009,028 shares in its short figure. The short interest augmentation took it from 9,253,632 on May 31,2016 to 11,262,660 on June 15,2016. In terms of floated shares, the short interest was calculated to be 1.3%. The days to cover are 2 given that the daily volume averaged 5,002,982 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Lowes Companies (NYSE:LOW): The stock opened at $76.52 on Friday but the bulls could not build on the opening and the stock topped out at $78.05 for the day. The stock traded down to $76.40 during the day, due to lack of any buying support eventually closed down at $77.06 with a loss of -1.92% for the day. The stock had closed at $78.57 on the previous day. The total traded volume was 5,995,253 shares.
The company shares have rallied 14.11% from its 1 Year high price. On Jun 2, 2016, the shares registered one year high at $80.76 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $78.21 and the 200 Day Moving Average price is recorded at $74.14.
Lowes Companies (NYSE:LOW) has tumbled 1.73% during the past week and has dropped 4.09% 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 0.1%. Lowes Companies (NYSE:LOW) has underperformed the index by 1.19% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Lowes Companies, Inc. (Lowes) is a home improvement retailer. As of January 30, 2015, Lowes operated 1,840 home improvement and hardware stores, representing approximately 201 million square feet of retail selling space. Lowes is consisted of 1,793 stores located across 50 states in the United States, including 74 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as 37 stores in Canada, and 10 stores in Mexico. It serves homeowners, renters, and professional customers (Pro customers). Its retail customers, consisted of individual homeowners and renters, complete a range of projects. The Pro customer consists of two categories: construction trades, and maintenance, repair and operations. The Company offers a range of products for maintenance, repair, remodeling, and decorating.