Office Depot June 15th Short Interest Update

Office Depot (NASDAQ:ODP), According to the latest information the short interest in Office Depot, Inc. plummeted by 1.7% or 327,760 shares. The final shorts are 3.6% of the total floated shares. The positions dropped from 19,915,119 shares on May 31,2016 to 19,587,359 on June 15,2016. According to the per-day average trading of 9,436,643 shares, the days to cover are 2. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Office Depot (NASDAQ:ODP): The stock opened at $3.35 on Friday but the bulls could not build on the opening and the stock topped out at $3.47 for the day. The stock traded down to $3.30 during the day, due to lack of any buying support eventually closed down at $3.40 with a loss of -1.73% for the day. The stock had closed at $3.46 on the previous day. The total traded volume was 57,667,115 shares.

The company shares have dropped -60.47% from its 1 Year high price. On Jul 7, 2015, the shares registered one year high at $8.98 and the one year low was seen on May 17, 2016. The 50-Day Moving Average price is $3.72 and the 200 Day Moving Average price is recorded at $5.24.

Stocks of Office Depot (NASDAQ:ODP) rallied by 3.03% during the past week but lost 3.68% on a 4-week basis. The company has outperformed the S&P 500 by 4.74% in the past week but underperformed the index by 0.77% in the last 4 weeks.

Office Depot, Inc. is a supplier of office products and services. The Company sells products and services to consumers through three segments: North American Retail Division, North American Business Solutions Division and International Division. The North American Retail Division sells an assortment of merchandise through its chain of office supply stores throughout the United States, including Puerto Rico and the U.S. Virgin Islands. The North American Business Solutions Division sells office supplies, technology products, cleaning and breakroom supplies, office furniture, certain services, and other solutions to customers. The International Division sells office products and services through direct mail catalogs, contract sales forces, Internet sites and retail stores. The Company also operates a network of distribution centers (DC) and crossdock facilities across the United States, Puerto Rico and Canada.

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