Short Interest Update on Hershey Company (The) (HSY)

Hershey Company (The) (HSY) : The bears are holding on to their shorts in Accenture Plc with 3 more days remaining for them to cover their positions. The bearish positions have increased from 2,636,531 on Jul 29, 2016, to 3,074,911, on August 15, 2016. Daily, 949,903 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 438,380 shares, which is an increase of just 16.6%. The total short interest of 2% 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.

Hershey Company (The) (NYSE:HSY): The stock opened at $112.78 on Wednesday but the bulls could not build on the opening and the stock topped out at $112.78 for the day. The stock traded down to $110.89 during the day, due to lack of any buying support eventually closed down at $110.89 with a loss of -1.92% for the day. The stock had closed at $113.06 on the previous day. The total traded volume was 1,744,956 shares.


In a related news, The officer (SVP, GS, India, ME, Comm & CSR), of Hershey Co, Wege D Michael had unloaded 1,100 shares at $111.41 per share in a transaction on August 15, 2016. The total value of transaction was $122,551. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

The Hershey Company (Hershey) is a provider of chocolate and sugar confectionery. The Companys principal confectionery offerings include chocolate and sugar confectionery products; pantry items, such as baking ingredients, toppings and beverages; snack items, such as spreads, and gum and mint refreshment products. The Company operates through two segments: North America and International and Other. The North America segment is responsible for its chocolate and sugar confectionery business in the United States and Canada. The International and Other segment includes all other countries where the Company manufactures, imports, markets, sells or distributes chocolate, sugar confectionery and other products. This includes operations in Asia, Latin America, Europe, Africa and the Middle East, along with exports to these regions. This segment also includes its global retail operations, including Hersheys Chocolate World stores.

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