Herbalife LTD. (HLF) : The bears are holding on to their shorts in Accenture Plc with 19 more days remaining for them to cover their positions. The bearish positions have increased from 26,580,780 on Jul 29, 2016, to 27,197,702, on August 15, 2016. Daily, 1,442,765 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 616,922 shares, which is an increase of just 2.3%. The total short interest of 31.5% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.
Herbalife LTD. (NYSE:HLF): The stock opened at $63.52 on Wednesday but the bulls could not build on the opening and the stock topped out at $63.90 for the day. The stock traded down to $60.85 during the day, due to lack of any buying support eventually closed down at $61.31 with a loss of -3.48% for the day. The stock had closed at $63.52 on the previous day. The total traded volume was 2,720,868 shares.
In a related news, The Securities and Exchange Commission has divulged that Fleming Ibelis, officer (SVP/Managing Dir North America) of Herbalife Ltd., had unloaded 9,729 shares at an average price of $64.85 in a transaction dated on August 11, 2016. The total value of the transaction was worth $630,926.
Herbalife Ltd. is a holding company. The Company is a global nutrition company that develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. The Companys products are often sold as part of a program. The Company categorizes its products into five groups: weight management, which includes meal replacement, protein shakes, drink mixes, weight loss enhancers and healthy snacks; targeted nutrition, dietary and nutritional supplements containing quality herbs, vitamins, minerals and other natural ingredients; energy, sports & fitness, consists of products that support a healthy active lifestyle; outer nutrition, consists of facial skin care, body care, and hair care products, and literature, promotional and other, includes Start-up kits, sales tools, and educational materials. As of December 31, 2014, the Company sold its products in 91 countries.