Short Interest Update on Sears Holdings Corporation (SHLD)

Sears Holdings Corporation (SHLD) : Traders are negative on Sears Holdings Corporation (SHLD), as it has 20.2% of short positions outstanding compared to its float. The total shorts have reduced by -152,693 shares, which is a -1% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,14,659,107 to 14,506,414 shares. While the daily trading volume of the stock is 427,600, there are 34 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Sears Holdings Corporation (NASDAQ:SHLD): The stock opened at $15.61 on Wednesday but the bulls could not build on the opening and the stock topped out at $15.68 for the day. The stock traded down to $14.65 during the day, due to lack of any buying support eventually closed down at $14.70 with a loss of -6.61% for the day. The stock had closed at $15.74 on the previous day. The total traded volume was 1,114,438 shares.


In a related news, The Officer (Evp), of SEARS HOLDINGS CORP, Balagna Jeffrey A had unloaded 7,643 shares at $13.82 per share in a transaction on June 23, 2016. The total value of transaction was $105,626. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Sears Holdings Corporation is an integrated retailer and a holding company of Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co. (Sears). The Company operates through two business segments: Kmart and Sears Domestic. The Company operates a network of stores with approximately 1,725 full-line and specialty retail stores in the United States, operating through Kmart and Sears. The Company operates a number of websites under the and banners. The Company is also the home of Shop Your Way, a free member-based social shopping platform that offers rewards, personalized services. Shop Your Way connects all of the ways members shop in store, at home, online and by phone. The Company, through Kmart stores, offers an array of products across many merchandise categories, including consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables and apparel.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.