Bloomin Brands (BLMN) : 3 days before expiry, shorts in Bloomin Brands (BLMN) have reduced from 4,676,997 on Jul 29, 2016, to 4,417,725 on August 15, 2016. On an average, 1,270,605 shares are traded on the exchange. The outstanding bearish positions are equal to 3.9% of the float. Short sellers have covered -259,272 shares, a reduction of -5.5%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Bloomin Brands (NASDAQ:BLMN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.41 and $19.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.52, notching a gain of 0.83% for the day. The total traded volume was 833,262 . The stock had closed at $19.36 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Kappitt Michael, officer (EVP & President of Carrabbas) of Bloomin Brands, Inc., had unloaded 10,000 shares at an average price of $19.5 in a transaction dated on August 16, 2016. The total value of the transaction was worth $195,000.
Bloomin Brands, Inc. is a holding company engaged in operating casual dining restaurants. The Company has a portfolio of four restaurant concept: Outback Steakhouse, Carrabbas Italian Grill, Bonefish Grill and Flemings Prime Steakhouse & Wine Bar. As of December 28, 2014, the Company owned and operated 1,344 restaurants and franchised 166 restaurants across 48 states, Puerto Rico, Guam and 21 countries. The Companys business unit Bloomin Brands International is engaged in developing and operating its restaurants outside of the United States. Outback Steakhouse is a casual steakhouse restaurant focused on steaks, flavors and Australian decor. Carrabbas Italian Grill is a casual Italian restaurant. Bonefish Grill is a casual seafood restaurant, which offers grilled fish. Flemings Prime Steakhouse & Wine Bar is a steakhouse, which offers beef, seafood and pork and chicken entrees, accompanied by an assortment of salads and side dishes.