Starwood Hotels & Resorts Worldwide June 15th Short Interest Update

Starwood Hotels & Resorts Worldwide (NYSE:HOT) has shown a rise of 7% or 391,783 shares in the short positions. The bets have increased to 5,965,542 shares on June 15,2016 from 5,573,759 shares on May 31,2016. With respect to the floated shares, the shorts are 3.5%. The days to cover are calculated to be 5, using the standard per day volume of 1,317,418 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Starwood Hotels & Resorts Worldwide (NYSE:HOT): The stock opened at $73.76 on Friday but the bulls could not build on the opening and the stock topped out at $74.63 for the day. The stock traded down to $71.80 during the day, due to lack of any buying support eventually closed down at $71.80 with a loss of -5.43% for the day. The stock had closed at $75.92 on the previous day. The total traded volume was 3,060,842 shares.

The company shares have dropped -10.86% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $86.96 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $75.01 and the 200 Day Moving Average price is recorded at $72.17.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) has tumbled 2.84% during the past week and has dropped 2.59% in the last 4 week period. The stocks have underperformed the S&P 500 by 1.23% during the past week but Starwood Hotels & Resorts Worldwide (NYSE:HOT) it has outperformed the index in 4 weeks by 0.36%.

Starwood Hotels & Resorts Worldwide, Inc. is a hotel and leisure company. The Companys hotel business is focused on the global operation of hotels and resorts primarily in the luxury and upper upscale segments of the lodging industry. The Company owns Starwood Vacation Ownership, Inc., a provider of world-class vacation experiences through villa-style resorts and privileged access to Starwood brands. It manages and operates its hotel business in three hotel segments: the Americas, Europe, Africa and the Middle East (EAME), and Asia Pacific. Its vacation ownership and residential business is a separate segment. As of December 31, 2014, the Companys hotel business included 1,207 owned, managed or franchised hotels with approximately 346,600 rooms, comprising 36 hotels that it owns or leases or in which the Company has a majority equity interest, 583 hotels managed by the Company on behalf of third-party owners and 588 hotels for which it receives franchise fees.

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