United Natural Foods (UNFI) : The traders have covered their outstanding shorts in United Natural Foods (UNFI) to the tune of -544,686 shares, a change of -15.7%. As on Jul 29, 2016, the outstanding shorts on the stock were 3,472,940 shares, however, by August 15, 2016, the shorts had reduced to 2,928,254 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 6% of the free float of the stock. It takes 8 days to cover the outstanding short positions. The stock has an average daily volume of 366,534 shares. The short interest information was released on Wednesday Aug 24th after the market close.
United Natural Foods (NASDAQ:UNFI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.89 and $47.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.90, notching a gain of 0.04% for the day. The total traded volume was 362,710 . The stock had closed at $47.88 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Dziki Thomas A, officer (CHRSO) of United Natural Foods Inc, had unloaded 19,195 shares at an average price of $53.94 in a transaction dated on October 16, 2015. The total value of the transaction was worth $1,035,378.
United Natural Foods, Inc. is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada. It offers products, in six product categories: grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and food service products and personal care items. Its operations consist of three operating divisions: wholesale division, which includes its natural, organic and specialty distribution business in the United States; UNFI Canada, which is its natural, organic and specialty business in Canada; Alberts Organics, Inc. and Select Nutrition; retail division, consisting of EOM, which operates its 12 natural products retail stores within the United States; manufacturing division, consisting of Woodstock Farms Manufacturing. In July 2014, the Company acquired all of stock of Tonys Fine Foods, making it a wholly-owned subsidiary of the Company.