Cabelas Inc (CAB) : The traders have covered their outstanding shorts in Cabelas Inc (CAB) to the tune of -148,922 shares, a change of -3.3%. As on Jul 29, 2016, the outstanding shorts on the stock were 4,457,071 shares, however, by August 15, 2016, the shorts had reduced to 4,308,149 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 8.7% of the free float of the stock. It takes 10 days to cover the outstanding short positions. The stock has an average daily volume of 446,855 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Cabelas Inc (NYSE:CAB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.95 and $49.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $50.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $50.01, notching a gain of 0.02% for the day. The total traded volume was 473,034 . The stock had closed at $50.00 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Cabelas Inc, Milrod Donna M, had purchased 575 shares in a transaction dated on July 27, 2015. The transaction was executed at $43.64 per share with total amount equaling $25,093.
Cabelas Incorporated is a specialty retailer and a direct marketer of hunting, fishing, camping and related outdoor merchandise. The Company operates under the following segments: Retail, Direct, Financial Services, and Corporate Overhead and Other. The Retail Business segment enables customers to access and use its retail stores, Web and social media channels, and catalogs. The Direct Business segment sells products through its e-commerce Websites and direct mail catalogs. The Financial Services Business segment provides customers with a rewards program. The Companys products include merchandise and equipment for hunting, fishing, marine use, and camping along with casual and outdoor apparel and footwear, optics, wildlife and land management products and services, vehicle accessories, and gifts and home furnishings, among others.