The Finish Line (NASDAQ:FINL) has seen a rise of 316,014 shares or 4.4% in the short interest. The remaining shorts are 18% of the total floated shares. The net short interest, as on June 15,2016, stood at 7,436,933 shares and the stocks days to cover will be 9 by factoring in the average per day volume of 843,741 shares. On May 31,2016, 7,120,919 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
The Finish Line (NASDAQ:FINL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.08 and $17.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.45, notching a gain of 21.80% for the day. The total traded volume was 10,937,176 . The stock had closed at $16.79 on the previous day.
The company shares have dropped -26.28% from its 1 Year high price. On Aug 19, 2015, the shares registered one year high at $29.05 and the one year low was seen on Nov 18, 2015. The 50-Day Moving Average price is $18.08 and the 200 Day Moving Average price is recorded at $18.49.
The Finish Line (NASDAQ:FINL) has climbed 18.62% in the past week and advanced 12.8% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 20.59% and the outperformance has advanced to 16.21% for the last 4 weeks period.
Finish Line, Inc. is a specialty retailer. The Company operates two retail divisions, one under the Finish Line brand name and another under the Running Specialty Group (Running Specialty). Finish Line is a retailer of athletic shoes, apparel, and accessories. As of April 3, 2015, the Company operated 634 Finish Line stores, which average 5,463 square feet, in 45 states in the United States and Puerto Rico. In addition, the Company operates an e-commerce site, www.finishline.com, as well as mobile commerce through m.finishline.com. Its Running Specialty is an active lifestyle retailer of running shoes, apparel, and accessories. As of April 3, 2015, the Company operated 76 Running Specialty stores, which average 3,630 square feet, in 17 states in the United States and the District of Columbia. In addition, Running Specialty operates the e-commerce site www.boulderrunningcompany.com, as well as the informational site www.run.com.