Ross Stores (NASDAQ:ROST) has seen a shortfall of 564,212 shares or 6.3% in the short interest. The remaining shorts are 2.1% of the total floated shares. The net short interest, as on June 15,2016, stood at 8,375,307 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 3,102,667 shares. On May 31,2016, 8,939,519 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Ross Stores (NASDAQ:ROST): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.75 and $52.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.42, notching a gain of 0.65% for the day. The total traded volume was 5,501,492 . The stock had closed at $54.07 on the previous day.
The company shares have rallied 12.09% from its 1 Year high price. On Mar 18, 2016, the shares registered one year high at $59.68 and the one year low was seen on Nov 13, 2015. The 50-Day Moving Average price is $54.25 and the 200 Day Moving Average price is recorded at $55.36.
Ross Stores (NASDAQ:ROST) has climbed 0.31% in the past week and advanced 0.93% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.98% and the outperformance has advanced to 3.98% for the last 4 weeks period.
Ross Stores, Inc. is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Company operates two brands of off-price retail apparel and home fashion stores, Ross Dress for Less (Ross) and dds DISCOUNTS. As of December 31, 2014, the Company operated 1,210 Ross locations in 33 states, the District of Columbia and Guam, and 152 dds DISCOUNTS stores in 15 states. The Ross and dds DISCOUNTS stores are supported by five distribution centers. The Ross brand stores offers its products at savings of 20% to 60% off department and specialty store regular prices every day. Ross target customers are primarily from middle income households. The dds DISCOUNTS stores offers its products at savings of 20% to 70% off moderate department and discount store regular prices every day. Its target customers typically come from households with moderate incomes.