Etsy (ETSY) : 1 days before expiry, shorts in Etsy (ETSY) have reduced from 5,057,365 on Jul 29, 2016, to 4,627,856 on August 15, 2016. On an average, 3,737,140 shares are traded on the exchange. The outstanding bearish positions are equal to 5.9% of the float. Short sellers have covered -429,509 shares, a reduction of -8.5%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Etsy (NASDAQ:ETSY): The stock opened at $13.90 on Wednesday but the bulls could not build on the opening and the stock topped out at $14.05 for the day. The stock traded down to $13.64 during the day, due to lack of any buying support eventually closed down at $13.67 with a loss of -2.22% for the day. The stock had closed at $13.98 on the previous day. The total traded volume was 549,624 shares.
In a related news,The director of Etsy Inc, Wilson Frederick R sold 216,399 shares at $13.6 on August 5, 2016. The Insider selling transaction had a total value worth of $2,943,026. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Etsy, Inc. operates a marketplace where people connect, both online and offline, to make, sell and buy goods. The Company operates at the center of macroeconomic trends in online and mobile commerce, employment, consumption and manufacturing. Its sellers offer goods in online retail categories, including jewelry, stationery, clothing, home goods, craft supplies and vintage items. The Company supports a range of artists, makers, designers and collectors. The Companys community is made up of entrepreneurs who sell on its platform, consumers looking to buy goods in its marketplace, manufacturers who help its sellers grow their businesses and its employees who maintain its platform. The Company offers a range of services for its sellers, which include promoted listings, direct checkout and shipping labels. It also provides a range of tools for its buyers, including communication, search and discovery and mobile.