Pier 1 Imports (PIR) : The traders have covered their outstanding shorts in Pier 1 Imports (PIR) to the tune of -782,589 shares, a change of -3.6%. As on Jul 29, 2016, the outstanding shorts on the stock were 21,497,965 shares, however, by August 15, 2016, the shorts had reduced to 20,715,376 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 26.1% of the free float of the stock. It takes 11 days to cover the outstanding short positions. The stock has an average daily volume of 1,840,517 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Pier 1 Imports (NYSE:PIR): The stock opened at $4.71 on Wednesday but the bulls could not build on the opening and the stock topped out at $4.78 for the day. The stock traded down to $4.62 during the day, due to lack of any buying support eventually closed down at $4.62 with a loss of -2.12% for the day. The stock had closed at $4.72 on the previous day. The total traded volume was 674,462 shares.
Pier 1 Imports, Inc. is a global importer of home decor and furniture. The Companys operations consist of retail stores and an e-commerce Website conducting business under the name Pier 1 Imports, which sells a range of furniture, home furnishings, dining and kitchen goods, candles, gifts and other specialty items for the home. The Company operates approximately 984 stores in the United States, 81 stores in Canada and an e-commerce Website. Its stores in the United States and Canada average approximately 9,900 gross square feet, which includes an average of approximately 7,900 square feet of retail selling space. The stores are located in freestanding units near shopping centers or malls and in-line positions in shopping centers. It operates in all United States and Canadian metropolitan areas and in primary smaller markets. The Companys categories of merchandise include decorative accessories and furniture.