lululemon athletica (LULU) : 15 days before expiry, shorts in lululemon athletica (LULU) have reduced from 17,788,585 on Jul 29, 2016, to 17,258,689 on August 15, 2016. On an average, 1,163,763 shares are traded on the exchange. The outstanding bearish positions are equal to 17.9% of the float. Short sellers have covered -529,896 shares, a reduction of -3%, 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.
lululemon athletica (NASDAQ:LULU): The stock opened at $80.23 on Wednesday but the bulls could not build on the opening and the stock topped out at $81.13 for the day. The stock traded down to $79.92 during the day, due to lack of any buying support eventually closed down at $80.18 with a loss of -0.07% for the day. The stock had closed at $80.24 on the previous day. The total traded volume was 1,336,555 shares.
In a related news,The director of Lululemon Athletica Inc., Pitcher Rhoda M. sold 5,310 shares at $67.31 on April 1, 2016. The Insider selling transaction had a total value worth of $357,416. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
lululemon athletica inc. is a designer and retailer of technical athletic apparel. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, general fitness and dance-inspired apparel for female youth. The Company conducts its business through two channels: corporate-owned stores and direct to consumer. The Company markets its athletic apparel under the lululemon athletica and ivivva athletica brand names. As of February 1, 2015, the Companys retail footprint included 211 stores in the United States, 57 stores in Canada, 26 stores in Australia, five in New Zealand, two in the United Kingdom and one in Singapore. The Companys retail stores are located primarily on street locations, in lifestyle centers and in malls.