The short interest in Smith & Wesson Holding Corporation (NASDAQ:SWHC) has declined from 8,241,146 on May 31,2016 to 7,703,748 on June 15,2016. The change was measured at 537,398 shares or 6.5%. The leftover shorts were 14.3% of the floated shares. The days to cover are 2, given the average daily volume of 3,284,829 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Smith & Wesson Holding Corporation (NASDAQ:SWHC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.07 and $23.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.84, notching a gain of 2.01% for the day. The total traded volume was 3,960,890 . The stock had closed at $25.33 on the previous day.
The company shares have rallied 56.80% from its 1 Year high price. On Mar 18, 2016, the shares registered one year high at $30.44 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $23.18 and the 200 Day Moving Average price is recorded at $23.44.
Smith & Wesson Holding Corporation (NASDAQ:SWHC) has climbed 9.26% in the past week and advanced 7.67% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 11.07% and the outperformance has advanced to 10.93% for the last 4 weeks period.
Smith & Wesson Holding Corporation is a manufacturer of firearms. The Company manufactures an array of handguns, including revolvers and pistols; long guns, including modern sporting rifles, bolt action rifles, and single shot rifles; handcuffs, and firearm-related products and accessories. The Company operates through two segments: firearms and accessories. The firearm segment consists of products and services manufactured and sold from its Springfield, Massachusetts; Houlton, Maine, and Deep River, Connecticut facilities, which includes firearms, handcuffs, and other related products. The Company sells the products through a distribution chain and direct sales to consumers and international, state, and federal Governments. The accessories segment consists of hunting and shooting accessories developed and marketed from its Columbia, Missouri facility. The Company also provides shooting, reloading, gunsmithing, and gun cleaning supplies.