Chicos FAS June 15th Short Interest Update

Chicos FAS (NYSE:CHS) has witnessed a drop of 29.6% or 3,220,298 shares in its short figure. The short interest diminution took it from 10,864,099 on May 31,2016 to 7,643,801 on June 15,2016. In terms of floated shares, the short interest was calculated to be 6%. The days to cover are 4 given that the daily volume averaged 1,858,730 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Chicos FAS (NYSE:CHS): The stock opened at $10.56 on Friday but the bulls could not build on the opening and the stock topped out at $10.65 for the day. The stock traded down to $10.45 during the day, due to lack of any buying support eventually closed down at $10.49 with a loss of -4.11% for the day. The stock had closed at $10.94 on the previous day. The total traded volume was 2,906,065 shares.

The company shares have dropped -37.15% from its 1 Year high price. On Sep 16, 2015, the shares registered one year high at $17.09 and the one year low was seen on Jan 25, 2016. The 50-Day Moving Average price is $11.13 and the 200 Day Moving Average price is recorded at $11.50.

Chicos FAS (NYSE:CHS) has tumbled 5.5% during the past week and has dropped 2.69% in the last 4 week period. The stocks have underperformed the S&P 500 by 3.93% during the past week but Chicos FAS (NYSE:CHS) it has outperformed the index in 4 weeks by 0.25%.

Chicos FAS, Inc. is a specialty retailer of womens private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing items operating under the Chicos, White House/Black Market (WH/BM), Soma Intimates (Soma) and Boston Proper brand names. The Chicos brand sells designed, private branded clothing focusing on women 40 and over. The WHBM brand offers feminine and alternative to designer fashion selling fashionable and clothing and accessory items, primarily in black and white and related shades with seasonal color splashes. The Soma brand sells designed private branded lingerie, loungewear and beauty products women who are 35 years old and over. The Boston Proper brand sells womens apparel and accessories, marketed to affluent women between 35-55 years old.

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