Short Interest Update on Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Traders are negative on Costco Wholesale Corporation (COST), as it has 2% of short positions outstanding compared to its float. The total shorts have reduced by -507,980 shares, which is a -5.6% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,9,090,773 to 8,582,793 shares. While the daily trading volume of the stock is 1,418,012, there are 6 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Costco Wholesale Corporation (NASDAQ:COST): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $167.14 and $166.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $167.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $167.57, notching a gain of 0.13% for the day. The total traded volume was 1,363,847 . The stock had closed at $167.36 on the previous day.


In a related news,The director of Costco Wholesale Corp /New, Meisenbach John W sold 5,737 shares at $167.74 on August 17, 2016. The Insider selling transaction had a total value worth of $962,324. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet. The Companys warehouses generally operate on a seven-day, 69-hour week. The Companys product categories include Food, Sundries, Hardlines, Fresh Food, Softlines, Ancillary and Other. The Companys online business provides products, which include services, such as photo processing, pharmacy, travel, business delivery, and membership services.

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