Short Interest Update on Constellation Brands Inc (STZ)

Constellation Brands Inc (STZ) : The traders have covered their outstanding shorts in Constellation Brands Inc (STZ) to the tune of -444,861 shares, a change of -12.2%. As on Jul 29, 2016, the outstanding shorts on the stock were 3,659,326 shares, however, by August 15, 2016, the shorts had reduced to 3,214,465 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 1.9% 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 754,911 shares. The short interest information was released on Wednesday Aug 24th after the market close.

Constellation Brands Inc (NYSE:STZ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $166.04 and $166.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $167.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $166.61, notching a gain of 0.14% for the day. The total traded volume was 694,496 . The stock had closed at $166.37 on the previous day.


In a related news, Kane Thomas Michael, officer (Executive VP, Chief HR Officer) of Constellation Brands, Inc., unloaded 7,000 shares at an average price of $163.26 on July 28, 2016. The total amount of the transaction was worth $1,142,820, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Constellation Brands, Inc. is an international beverage alcohol company. The Companys operating segments include Beer, Wine and Spirits and Corporate Operations and Other. The Companys wine portfolio is complemented by select spirits brands and other select beverage alcohol products. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States. The Companys customers include wholesale distributors, retailers, on premise locations and government alcohol beverage control agencies. In the United States, the Company operates 19 wineries using varieties of grapes grown in the Napa, Sonoma, Monterey and San Joaquin regions of California. It also operates eight wineries in Canada, four wineries in New Zealand and five wineries in Italy. The Companys Canadian whisky requirements are produced and aged at its Canadian distillery in Lethbridge, Alberta.

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