Coty (COTY) : The traders have covered their outstanding shorts in Coty (COTY) to the tune of -516,887 shares, a change of -2.9%. As on Jul 29, 2016, the outstanding shorts on the stock were 18,091,877 shares, however, by August 15, 2016, the shorts had reduced to 17,574,990 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 41.5% of the free float of the stock. It takes 18 days to cover the outstanding short positions. The stock has an average daily volume of 957,835 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Coty (NYSE:COTY): The stock opened at $28.26 on Wednesday but the bulls could not build on the opening and the stock topped out at $28.40 for the day. The stock traded down to $27.75 during the day, due to lack of any buying support eventually closed down at $27.81 with a loss of -1.52% for the day. The stock had closed at $28.24 on the previous day. The total traded volume was 714,113 shares.
In a related news, The officer (SVP of Human Resources), of Coty Inc., Froidefond Sebastien had unloaded 3,983 shares at $27.02 per share in a transaction on July 11, 2016. The total value of transaction was $107,621. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Coty Inc. is a beauty company. The Company manufactures and markets beauty products in the Fragrances, Color Cosmetics and Skin & Body Care segments with distribution in over 130 countries and territories across both prestige and mass markets. Fragrances products include a variety of mens and womens products and include fashion designer, celebrity and lifestyle brands. Color Cosmetics products include nail and other color cosmetics, consisting of lip, eye and other facial color products. Skin & Body Care products include shower gels, deodorants, skin care and sun treatment products. The Companys top 10 brands include adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen.