Hasbro (HAS) : The short interest in Hasbro (HAS) has increased from 3,650,486 to 3,920,689 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 786,418 shares are traded daily in the stock and only 5 days are left for the shorts to cover. The short open interest is 3.5% of the total shares in the hands of the public. The shorts in the stock have gone up by 270,203 shares, which is an increase of 7.4% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Hasbro (NASDAQ:HAS): The stock opened at $82.26 on Wednesday but the bulls could not build on the opening and the stock topped out at $82.26 for the day. The stock traded down to $81.11 during the day, due to lack of any buying support eventually closed down at $81.21 with a loss of -1.13% for the day. The stock had closed at $82.14 on the previous day. The total traded volume was 414,319 shares.
In a related news, The Securities and Exchange Commission has divulged that Billing Duncan, officer (EVP, Chief Gbl Ops & Bus Dvpmt) of Hasbro Inc, had unloaded 3,514 shares at an average price of $87.27 in a transaction dated on May 26, 2016. The total value of the transaction was worth $306,667.
Hasbro, Inc. (Hasbro), through its wholly owned Hasbro Studios LLC (Hasbro Studios), creates entertainment brand storytelling across mediums, including television, film and among others. Its brand blueprint involves re-imagining, re-inventing, and re-igniting its owned and controlled brands, and imagining, inventing and igniting new brands, through toy and game innovation, immersive entertainment offerings, including television programming and motion pictures, and a range of products, ranging from traditional to digital. The Company markets its brands under product categories, which include boys, games, girls and preschool toys. The Companys business operations include United States, Canada, International, Entertainment and Licensing. Its global operations include arranging product manufacturing and sourcing for the United States and Canada and International operations. Its brands include LITTLEST PET SHOP, MONOPOLY, MY LITTLE PONY, NERF, PLAY-DOH and TRANSFORMERS.