Dr Pepper Snapple Group Inc (DPS) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 7,503,107 to 7,295,696 shares, with 7 days to go before the expiry. The short open interest has decreased by -2.8%, amounting to a reduction of -207,411 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 3.9% of the float of the company. The average daily volume of the stock is 1,031,853 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Dr Pepper Snapple Group Inc (NYSE:DPS): The stock opened at $93.14 on Wednesday but the bulls could not build on the opening and the stock topped out at $94.07 for the day. The stock traded down to $92.81 during the day, due to lack of any buying support eventually closed down at $93.41 with a loss of -0.06% for the day. The stock had closed at $93.47 on the previous day. The total traded volume was 1,373,860 shares.
In a related news, The officer (Executive Vice President & CFO), of Dr Pepper Snapple Group, Inc., Ellen Martin M had unloaded 15,462 shares at $96.63 per share in a transaction on July 28, 2016. The total value of transaction was $1,494,093. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Dr Pepper Snapple Group, Inc. is a brand owner, manufacturer and distributor of non-alcoholic beverages. The Company operates in the United States, Canada and Mexico. Its products comprise flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, water and mixers. The Company operates under three segments: Beverage Concentrates, Packaged Beverages and Latin America Beverages. The Companys brands include Dr Pepper, Canada Dry, 7UP, A&W, Sunkist, Squirt, Penafiel, Crush, Schweppes, RC Cola, Snapple, Hawaiian Punch, Motts, Clamato, Aguafiel, Mr & Mrs T, Roses and Margaritaville, among others. The Company distributes finished beverages and manufactures beverage concentrates and fountain syrups. The Company caters to bottlers and distributors, and retailers.