Crocs (CROX) : 4 days before expiry, shorts in Crocs (CROX) have reduced from 7,940,475 on Jul 29, 2016, to 7,025,341 on August 15, 2016. On an average, 2,000,606 shares are traded on the exchange. The outstanding bearish positions are equal to 10% of the float. Short sellers have covered -915,134 shares, a reduction of -11.5%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Crocs (NASDAQ:CROX): The stock opened at $8.92 on Wednesday but the bulls could not build on the opening and the stock topped out at $8.99 for the day. The stock traded down to $8.72 during the day, due to lack of any buying support eventually closed down at $8.75 with a loss of -1.69% for the day. The stock had closed at $8.90 on the previous day. The total traded volume was 501,413 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Crocs, Inc., Ribatt Gregg, had purchased 10,000 shares in a transaction dated on March 11, 2016. The transaction was executed at $9.25 per share with total amount equaling $92,500.
Crocs, Inc. is engaged in the design, development, manufacturing, worldwide marketing and distribution of casual lifestyle footwear, apparel and accessories for men, women and children. The Companys products include footwear and accessories. The Company operates four reportable operating segments based on the geographic nature of its operations: Americas, Asia Pacific, Japan and Europe. The Americas segment consists of product sales in the North and South America geographic regions. The Asia Pacific segment consists of product sales throughout Asia (excluding Japan), Australia, New Zealand, the Middle East and South Africa. The Japan segment consists of product sales in Japan. The Europe segment consists of product sales throughout Europe and Russia. The Company sells its products in more than 90 countries through domestic and international retailers and distributors and directly to end-user consumers through company-operated retail stores, outlets, Webstores and kiosks.