Nike June 15th Short Interest Update

Nike (NYSE:NKE) reported a rise of 1.3% or 188,955 shares in its short interest. The short figure came in at 1.1% of the total floats. The average daily volume of 13,477,019 shares suggests that the days to cover 14,702,479 short positions, as on June 15,2016, will be 1. On May 31,2016, the short interest was 14,513,524 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Nike (NYSE:NKE): The stock opened at $52.36 on Friday but the bulls could not build on the opening and the stock topped out at $53.36 for the day. The stock traded down to $52.18 during the day, due to lack of any buying support eventually closed down at $52.59 with a loss of -2.83% for the day. The stock had closed at $54.12 on the previous day. The total traded volume was 18,481,189 shares.

The company shares have dropped -2.31% from its 1 Year high price. On Dec 23, 2015, the shares registered one year high at $68.19 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $55.55 and the 200 Day Moving Average price is recorded at $59.47.

Nike (NYSE:NKE) has tumbled 2.09% during the past week and has dropped 6.41% 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 0.46%. Nike (NYSE:NKE) has underperformed the index by 3.57% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (which the Company refers to as its Direct to Consumer or DTC operations), and through a mix of independent distributors and licensees throughout the world. The Company focuses its NIKE Brand product offerings in eight key categories: Running, Basketball, Football (Soccer), Mens Training, Womens Training, Action Sports, Sportswear (the Companys sports-inspired lifestyle products) and Golf. The Company also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking and outdoor activities. The Companys portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *