Short Interest Update on Dollar Tree (DLTR)

Dollar Tree (DLTR) : Traders are negative on Dollar Tree (DLTR), as it has 3.9% of short positions outstanding compared to its float. The total shorts have reduced by -294,622 shares, which is a -3.2% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,9,247,495 to 8,952,873 shares. While the daily trading volume of the stock is 1,602,565, 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.

Dollar Tree (NASDAQ:DLTR): The stock opened at $95.82 on Wednesday but the bulls could not build on the opening and the stock topped out at $96.00 for the day. The stock traded down to $94.06 during the day, due to lack of any buying support eventually closed down at $94.93 with a loss of -0.61% for the day. The stock had closed at $95.51 on the previous day. The total traded volume was 3,551,609 shares.


In a related news, The Securities and Exchange Commission has divulged that Saunders Thomas A, director of Dollar Tree Inc, had unloaded 5,000 shares at an average price of $95.5 in a transaction dated on July 11, 2016. The total value of the transaction was worth $477,500.

Dollar Tree, Inc. (Dollar Tree) is an operator of discount variety stores offering merchandise at the fixed price of $ 1.00. The Company offers a selection of everyday basic products and also supplements these basic, everyday items with seasonal, closeout and promotional merchandise. As of July 06, 2015, the Company operated more than 13,600 stores across 48 states and five Canadian provinces. Its stores operate under the brands of Dollar Tree, Dollar Tree Canada, Deals and Family Dollar. Dollar Trees consumable merchandise includes candy and food health and beauty care and everyday consumables, such as paper and chemicals, and in select stores frozen and refrigerated food. The Companys variety merchandise includes toys, durable housewares, gifts, party goods, greeting cards, softlines and other items. Its seasonal goods include Valentines Day, Easter, Halloween and Christmas merchandise.

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