Wolverine World Wide June 15th Short Interest Update

Wolverine World Wide (NYSE:WWW) has shown a drop of 2.3% or 111,804 shares in the short positions. The bets have increased to 4,808,572 shares on June 15,2016 from 4,920,376 shares on May 31,2016. With respect to the floated shares, the shorts are 5%. The days to cover are calculated to be 5, using the standard per day volume of 950,000 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Wolverine World Wide (NYSE:WWW): The stock opened at $19.94 on Friday but the bulls could not build on the opening and the stock topped out at $20.42 for the day. The stock traded down to $19.76 during the day, due to lack of any buying support eventually closed down at $20.15 with a loss of -2.23% for the day. The stock had closed at $20.61 on the previous day. The total traded volume was 4,944,258 shares.

The company shares have dropped -29.22% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $29.94 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $18.74 and the 200 Day Moving Average price is recorded at $17.92.

Wolverine World Wide (NYSE:WWW) has tumbled 0.49% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 11.82% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.16% and the outperformance has advanced to 15.2% for the last 4 weeks period.

Wolverine World Wide, Inc. is a designer, manufacturer and marketer of casual footwear and apparel, outdoor and athletic footwear and apparel, childrens footwear, industrial work boots and apparel, and uniform shoes and boots. The Company operates in three operating segments: Lifestyle Group, consisting of Sperry Top-Sider footwear and apparel, Stride Rite footwear and apparel, Hush Puppies footwear and apparel, Keds footwear and apparel, and Soft Style footwear; Performance Group, consisting of Merrell footwear and apparel, Saucony footwear and apparel, Chaco footwear, and Cushe footwear, and Heritage Group, consisting of Wolverine footwear and apparel, Cat footwear, Bates uniform footwear, Sebago footwear and apparel, Harley-Davidson footwear, and HyTest safety footwear. The Other category consists of the Companys multi-brand consumer-direct business, leather marketing operations, and sourcing operations that include third-party commission revenues.

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