Ralph Lauren Corporation (RL) has 5,915,480 shares of shorts outstanding as on August 15, 2016, with 4 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 6,107,746 shares. The stock has a decent trading volume of 1,538,591 shares daily. The marginal decrease in the short positions is by -3.1%, which amounts to -192,266 shares. Short positions are 10.5% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Ralph Lauren Corporation (NYSE:RL): The stock opened at $108.91 on Wednesday but the bulls could not build on the opening and the stock topped out at $108.91 for the day. The stock traded down to $107.65 during the day, due to lack of any buying support eventually closed down at $107.87 with a loss of -1.12% for the day. The stock had closed at $109.09 on the previous day. The total traded volume was 591,158 shares.
In a related news,The director officer (EVP, Advert., Mktg., & Comm.) of Ralph Lauren Corp, Lauren David R. sold 4,668 shares at $93.71 on June 16, 2016. The Insider selling transaction had a total value worth of $437,438. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates in three segments: Wholesale, Retail and Licensing. Wholesale business, representing approximately 46% of net revenues as of fiscal year ended March 28, 2015 (Fiscal 2015), consists of sales made to department stores and specialty stores around the world. Retail business consists of sales made directly to consumers through retail channel, which includes Companys retail stores, concession-based shop-within-shops and e-commerce operations around the world. Licensing business consists of royalty-based arrangements, under which the Company license to unrelated third parties for specified periods the right to operate retail stores and/or to use its various trademarks in connection with the manufacture and sale of designated products, such as certain apparel, eyewear and fragrances.