Sprouts Farmers Market (SFM) : Traders are negative on Sprouts Farmers Market (SFM), as it has 13.5% of short positions outstanding compared to its float. The total shorts have reduced by -1,790,163 shares, which is a -8.5% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,21,025,242 to 19,235,079 shares. While the daily trading volume of the stock is 3,172,228, there are 6 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.
Sprouts Farmers Market (NASDAQ:SFM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.25 and $23.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.26, notching a gain of 0.39% for the day. The total traded volume was 1,502,159 . The stock had closed at $23.17 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CFO of Sprouts Farmers Market, Inc., Lukow Bradley, had purchased 10,000 shares in a transaction dated on May 26, 2016. The transaction was executed at $25.15 per share with total amount equaling $251,500.
Sprouts Farmers Market, Inc. is a food retailer. The Company operates as a grocery store that offers natural and organic food, including produce, bulk foods, vitamins and supplements, grocery, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. As of February 26, 2015, the Company operated 198 stores in 12 states. The Companys product offerings focus on fresh, natural and organic foods. It categorizes its products as perishable and non-perishable. Perishable product categories include produce, meat, seafood, deli and bakery. Non-perishable product categories include grocery, vitamins and supplements, bulk items, dairy and dairy alternatives, frozen foods, beer and wine, and natural health and body care.