Dunkin Brands Group (DNKN) : The short interest in Dunkin Brands Group (DNKN) has increased from 9,516,806 to 9,964,309 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,472,612 shares are traded daily in the stock and only 7 days are left for the shorts to cover. The short open interest is 10.9% of the total shares in the hands of the public. The shorts in the stock have gone up by 447,503 shares, which is an increase of 4.7% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Dunkin Brands Group (NASDAQ:DNKN): The stock opened at $48.98 on Wednesday but the bulls could not build on the opening and the stock topped out at $49.02 for the day. The stock traded down to $48.29 during the day, due to lack of any buying support eventually closed down at $48.77 with a loss of -0.35% for the day. The stock had closed at $48.94 on the previous day. The total traded volume was 1,173,675 shares.
In a related news,The officer (President, International) of Dunkin Brands Group, Inc., Mitchell William M sold 5,648 shares at $45.87 on August 5, 2016. The Insider selling transaction had a total value worth of $259,074. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Dunkin Brands Group, Inc. is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream. The Company franchises restaurants under its Dunkin Donuts and Baskin-Robbins brands. The Company operates business through four segments: Dunkin Donuts-U.S., Dunkin Donuts International, Baskin-Robbins International and Baskin-Robbins-U.S. Dunkin Donuts-U.S. segment is a United States QSR concept and markets donut and bagel categories for servings. In addition, it has APODs, such as self-service kiosks in grocery stores, hospitals, airports, offices and other smaller-footprint properties. Baskin-Robbins-U.S. segment is one of the QSR chains in the United States for servings of hard-serve ice cream and develops and sells a range of frozen ice cream treats, such as cones, cakes, sundaes and frozen beverages. It has approximately 11,310 Dunkin Donuts and over 7,552 Baskin-Robbins points of distribution.