Estee Lauder Companies (The) (EL) has 5,838,905 shares of shorts outstanding as on August 15, 2016, with 4 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 6,584,167 shares. The stock has a decent trading volume of 1,437,932 shares daily. The marginal decrease in the short positions is by -11.3%, which amounts to -745,262 shares. Short positions are 2.7% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Estee Lauder Companies (The) (NYSE:EL): The stock opened at $91.37 on Wednesday but the bulls could not build on the opening and the stock topped out at $91.57 for the day. The stock traded down to $90.19 during the day, due to lack of any buying support eventually closed down at $90.50 with a loss of -1.17% for the day. The stock had closed at $91.57 on the previous day. The total traded volume was 2,038,675 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP – Global Supply Chain) of Estee Lauder Companies Inc, Polcer Gregory had sold 15,000 shares worth of $1,425,000 in a transaction dated August 18, 2016. In this transaction, 15,000 shares were sold at $95 per share.
The Estee Lauder Companies Inc., is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. The Companys products are sold in over 150 countries and territories under a number of brand names, including Estee Lauder, Aramis, Clinique, Origins, Le Labo, M.A.C, Bobbi Brown, La Mer and Aveda. It is also the global licensee for fragrances and/or cosmetics sold under brand names, such as Tommy Hilfiger, Donna Karan, Michael Kors, Tom Ford and Coach. It sells its products principally through limited distribution channels to complement the images associated with its brands. These channels include points of sale consisting of upscale department stores, specialty retailers, upscale perfumeries and pharmacies and prestige salons and spas. In addition, its products are sold in freestanding Company-operated stores, its own and authorized retailer Websites, stores on cruise ships, direct response television (DRTV), in-flight and duty-free shops.