Tempur Sealy International June 15th Short Interest Update

Tempur Sealy International (NYSE:TPX) has witnessed a rise of 11.7% or 1,542,438 shares in its short figure. The short interest augmentation took it from 13,205,879 on May 31,2016 to 14,748,317 on June 15,2016. In terms of floated shares, the short interest was calculated to be 24.6%. The days to cover are 9 given that the daily volume averaged 1,721,422 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Tempur Sealy International (NYSE:TPX): The stock opened at $57.90 on Friday but the bulls could not build on the opening and the stock topped out at $58.13 for the day. The stock traded down to $55.35 during the day, due to lack of any buying support eventually closed down at $55.62 with a loss of -7.87% for the day. The stock had closed at $60.37 on the previous day. The total traded volume was 2,623,204 shares.

The company shares have dropped -14.80% from its 1 Year high price. On Nov 6, 2015, the shares registered one year high at $82.61 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $58.99 and the 200 Day Moving Average price is recorded at $60.91.

Tempur Sealy International (NYSE:TPX) has tumbled 3.99% during the past week and has dropped 6.6% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.39%. Tempur Sealy International (NYSE:TPX) has underperformed the index by 3.77% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Tempur Sealy International, Inc. is a bedding provider. The Company develops, manufactures, markets and distributes bedding products, which it sells globally in approximately 100 countries. The Company operates in three segments: Tempur North America, Tempur International and Sealy. The Companys brand portfolio includes TEMPUR, Tempur-Pedic, Sealy, Sealy Posturepedic, Optimum and Stearns & Foster. The Company sells its products through three distribution channels in each operating business segment: Retail, which consists of furniture and bedding retailers, department stores, specialty retailers and warehouse clubs; Direct, which consists of electronic commerce (e-commerce) platform, Company-owned stores and call center, and Other, which includes third party distributors, hospitality and healthcare customers.

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