The short interest in McDonalds Corporation (NYSE:MCD) has declined from 25,197,977 on May 31,2016 to 20,110,343 on June 15,2016. The change was measured at 5,087,634 shares or 20.2%. The leftover shorts were 2.3% of the floated shares. The days to cover are 4, given the average daily volume of 4,792,500 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
McDonalds Corporation (NYSE:MCD): The stock opened at $118.76 on Friday but the bulls could not build on the opening and the stock topped out at $121.11 for the day. The stock traded down to $118.29 during the day, due to lack of any buying support eventually closed down at $119.44 with a loss of -1.46% for the day. The stock had closed at $121.21 on the previous day. The total traded volume was 6,985,935 shares.
The company shares have rallied 25.15% from its 1 Year high price. On May 10, 2016, the shares registered one year high at $131.96 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $124.20 and the 200 Day Moving Average price is recorded at $121.96.
McDonalds Corporation (NYSE:MCD) has tumbled 2.31% during the past week and has dropped 3.09% 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 0.69%. McDonalds Corporation (NYSE:MCD) has underperformed the index by 0.16% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
McDonalds Corporation operates and franchises McDonalds restaurants. McDonalds global system comprises both Company-owned and franchised restaurants. The Company manages its business as distinct geographic segments: the United States (U.S.); Europe, and Asia/Pacific, Middle East and Africa (APMEA). The Companys operations in Canada and Latin America, as well as its Corporate activities are reported under Other Countries & Corporate. The Companys restaurants offer a substantially uniform menu, including hamburgers and cheeseburgers, Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, several chicken sandwiches, Chicken McNuggets, wraps, French fries, salads, oatmeal, shakes, McFlurry desserts, sundaes, soft serve cones, pies, soft drinks, coffee, McCafe beverages and other beverages. McDonalds franchised restaurants are owned and operated under one of the following structures: conventional franchise, developmental license or affiliate.