Sprouts Farmers Market June 15th Short Interest Update

Sprouts Farmers Market (NASDAQ:SFM) has witnessed a rise of 2.8% or 388,668 shares in its short figure. The short interest augmentation took it from 14,145,797 on May 31,2016 to 14,534,465 on June 15,2016. In terms of floated shares, the short interest was calculated to be 10.3%. The days to cover are 7 given that the daily volume averaged 2,116,729 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Sprouts Farmers Market (NASDAQ:SFM): The stock opened at $21.55 on Friday but the bulls could not build on the opening and the stock topped out at $22.17 for the day. The stock traded down to $21.50 during the day, due to lack of any buying support eventually closed down at $21.93 with a loss of -1.04% for the day. The stock had closed at $22.16 on the previous day. The total traded volume was 4,655,080 shares.

The company shares have dropped -19.29% from its 1 Year high price. On Mar 18, 2016, the shares registered one year high at $30.00 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $24.17 and the 200 Day Moving Average price is recorded at $25.81.

Sprouts Farmers Market (NASDAQ:SFM) has tumbled 2.96% during the past week and has dropped 11.75% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.35%. Sprouts Farmers Market (NASDAQ:SFM) has underperformed the index by 9.08% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

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.

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