The short interest in Sysco Corporation (NYSE:SYY) has increased from 15,073,103 on May 31,2016 to 15,262,937 on June 15,2016. The change was measured at 189,834 shares or 1.3%. The leftover shorts were 2.7% of the floated shares. The days to cover are 5, given the average daily volume of 2,982,990 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Sysco Corporation (NYSE:SYY): The stock opened at $49.29 on Friday but the bulls could not build on the opening and the stock topped out at $50.17 for the day. The stock traded down to $49.01 during the day, due to lack of any buying support eventually closed down at $49.92 with a loss of -0.74% for the day. The stock had closed at $50.29 on the previous day. The total traded volume was 15,632,295 shares.
The company shares have rallied 32.98% from its 1 Year high price. On May 12, 2016, the shares registered one year high at $50.68 and the one year low was seen on Jul 7, 2015. The 50-Day Moving Average price is $49.22 and the 200 Day Moving Average price is recorded at $45.14.
Sysco Corporation (NYSE:SYY) has climbed 0.24% in the past week and advanced 2.59% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.9% and the outperformance has advanced to 5.69% for the last 4 weeks period.
Sysco Corporation (Sysco) along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company provides products and related services to approximately 425,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. Sysco provides food and related products to the foodservice or food-away-from-home industry. The Company has aggregated its operating companies into a number of segments, of which only Broadline and SYGMA are the main segments. Broadline operating companies distribute a line of food products and a variety of non-food products to their customers. SYGMA operating companies distribute a line of food products and a variety of non-food products to chain restaurant customer locations. The Companys other segments include its specialty produce, custom-cut meat and lodging industry products segments.