Dollar General Corporation (DG) : The traders have covered their outstanding shorts in Dollar General Corporation (DG) to the tune of -69,087 shares, a change of -1.2%. As on Jul 29, 2016, the outstanding shorts on the stock were 5,654,209 shares, however, by August 15, 2016, the shorts had reduced to 5,585,122 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 2% of the free float of the stock. It takes 3 days to cover the outstanding short positions. The stock has an average daily volume of 1,937,589 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Dollar General Corporation (NYSE:DG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $91.60 and $91.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $92.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $91.79, notching a gain of 0.33% for the day. The total traded volume was 3,001,417 . The stock had closed at $91.49 on the previous day.
In a related news, The officer (SVP & Chief Accounting Officer), of Dollar General Corp, Elliott Anita C had unloaded 2,947 shares at $91.11 per share in a transaction on June 3, 2016. The total value of transaction was $268,501. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Dollar General Corporation is the discount retailer in the United States. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. Consumables category includes paper and cleaning products; packaged food; perishables; snacks; health and beauty; pet and tobacco products. Seasonal products include decorations, toys, batteries, small electronics, greeting cards, stationery, prepaid phones and accessories, gardening supplies, hardware, automotive and home office supplies. Home products includes kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen, bed and bath soft goods. Apparel includes casual everyday apparel for infants, toddlers, girls, boys, women and men, as well as socks, underwear, disposable diapers, shoes and accessories. Its merchandise includes national brands and private brands selections. It operates approximately 11,879 stores located in over 43 states.