Target Corporation June 15th Short Interest Update

Target Corporation (NYSE:TGT), A rise of 965,418 shares or 2.6% was seen in the short interest of Target. Even as the interest increased from 36,640,447 shares on May 31,2016 to 37,605,865 shares on June 15,2016, the days to cover came in at 6. The updated interest stood at 6.4% of the stocks floats. The stock has seen an average daily volume of 6,643,473 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Target Corporation (NYSE:TGT): The stock opened at $68.23 on Friday but the bulls could not build on the opening and the stock topped out at $69.86 for the day. The stock traded down to $68.08 during the day, due to lack of any buying support eventually closed down at $69.35 with a loss of -0.62% for the day. The stock had closed at $69.78 on the previous day. The total traded volume was 6,760,754 shares.

The company shares have dropped -15.52% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $85.31 and the one year low was seen on May 18, 2016. The 50-Day Moving Average price is $70.13 and the 200 Day Moving Average price is recorded at $74.92.

Target Corporation (NYSE:TGT) has climbed 2.74% in the past week and advanced 0.65% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.45% and the outperformance has advanced to 3.7% for the last 4 weeks period.

Target Corporation is engaged in providing everyday essentials and fashionable, and differentiated merchandise at discounted prices. The Company offers its products through stores, online or through mobile devices. The Company sells an assortment of general merchandise and food through its store and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its urban format stores, CityTarget and TargetExpress, offer edited general merchandise and food assortments. Its digital channels include an assortment of general merchandise, including various items found in its stores, along with a complementary assortment, such as additional sizes and colors sold online. The Companys brands include Archer Farms, Simply Balanced, Boots & Barkley, Circo, Embark, Gilligan & OMalley, Market Pantry, Merona, Room Essentials, Smith & Hawken, Spritz and Sutton & Dodge.

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