Short Interest Update on Chicos FAS (CHS)

Chicos FAS (CHS) : The traders have covered their outstanding shorts in Chicos FAS (CHS) to the tune of -75,625 shares, a change of -1.2%. As on Jul 29, 2016, the outstanding shorts on the stock were 6,394,615 shares, however, by August 15, 2016, the shorts had reduced to 6,318,990 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 4.9% of the free float of the stock. It takes 4 days to cover the outstanding short positions. The stock has an average daily volume of 1,679,708 shares. The short interest information was released on Wednesday Aug 24th after the market close.

Chicos FAS (NYSE:CHS): The stock opened at $11.84 on Wednesday but the bulls could not build on the opening and the stock topped out at $11.97 for the day. The stock traded down to $11.61 during the day, due to lack of any buying support eventually closed down at $11.64 with a loss of -2.18% for the day. The stock had closed at $11.90 on the previous day. The total traded volume was 5,857,875 shares.


In a related news, Noce Colaco Donna, officer (Brand President WH|BM) of Chicos Fas Inc, unloaded 40,000 shares at an average price of $13.02 on April 4, 2016. The total amount of the transaction was worth $520,800, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Chicos FAS, Inc. is a specialty retailer of womens private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items operating under the Chicos, White House/Black Market (WH/BM), Soma Intimates (Soma) and Boston Proper brand names. The Chicos brand sells designed, private branded clothing focusing on women 40 and over. The WHBM brand offers feminine and alternative to designer fashion selling fashionable and clothing and accessory items, primarily in black and white and related shades with seasonal color splashes. The Soma brand sells designed private branded lingerie, loungewear and beauty products women who are 35 years old and over. The Boston Proper brand sells womens apparel and accessories, marketed to affluent women between 35-55 years old.

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