Callaway Golf Company (ELY) has 2,304,696 shares of shorts outstanding as on August 15, 2016, with 1 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 2,448,176 shares. The stock has a decent trading volume of 1,686,185 shares daily. The marginal decrease in the short positions is by -5.9%, which amounts to -143,480 shares. Short positions are 2.5% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Callaway Golf Company (NYSE:ELY): The stock opened at $11.71 on Wednesday but the bulls could not build on the opening and the stock topped out at $11.71 for the day. The stock traded down to $11.51 during the day, due to lack of any buying support eventually closed down at $11.55 with a loss of -1.28% for the day. The stock had closed at $11.70 on the previous day. The total traded volume was 570,942 shares.
In a related news, The officer (SVP, G.C. & Corp Secretary), of Callaway Golf Co, Lynch Brian P. had unloaded 16,584 shares at $9.52 per share in a transaction on February 5, 2016. The total value of transaction was $157,880. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Company has two segments: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of the Companys trademarks and service marks and sales of pre-owned golf clubs. The golf balls segment consists of the Companys balls that are designed, manufactured and sold by the Company. The Company sells pre-owned golf products through its Website, www.callawaygolfpreowned.com. In addition, the Company sells Odyssey and its products direct to consumers through its Websites www.callawaygolf.com and www.odysseygolf.com. The Companys products are sold in the United States and in approximately 100 countries around the world.