Deckers Outdoor Corporation (DECK) : Traders are negative on Deckers Outdoor Corporation (DECK), as it has 9.6% of short positions outstanding compared to its float. The total shorts have reduced by -224,469 shares, which is a -7.2% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,3,106,021 to 2,881,552 shares. While the daily trading volume of the stock is 482,353, 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.
Deckers Outdoor Corporation (NYSE:DECK): The stock opened at $68.34 on Wednesday but the bulls could not build on the opening and the stock topped out at $68.53 for the day. The stock traded down to $67.46 during the day, due to lack of any buying support eventually closed down at $67.70 with a loss of -1.27% for the day. The stock had closed at $68.57 on the previous day. The total traded volume was 313,396 shares.
In a related news,The director of Deckers Outdoor Corp, Martinez Angel R sold 29,058 shares at $67.61 on August 17, 2016. The Insider selling transaction had a total value worth of $1,964,611. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Deckers Outdoor Corporation (Deckers) offers footwear, apparel and accessories. The Companys segments include operations of Deckers brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions; E-Commerce business, and retail store business. It sells its UGG footwear and accessories through department stores, independent specialty retailers and online retailers. The Company sells Teva footwear through specialty outdoor and sporting goods retailers. It sells Sanuk footwear through independent action sports retailers, outdoor retailers, specialty footwear retailers and national retail chains. The Company sells other brands at specialty running stores, department stores, outdoor specialty accounts, independent specialty retailers, and through online retailers. It operate its E-Commerce business through Uggaustralia.com, Teva.com, Sanuk.com, Ahnu.com, Hokaoneone.com, Mozo.com and Tsubo.com Websites. Its retail stores segment operates UGG concept stores and UGG outlet stores.