Short Interest Update on Bed Bath & Beyond (BBBY)

Bed Bath & Beyond (BBBY) : The traders have covered their outstanding shorts in Bed Bath & Beyond (BBBY) to the tune of -593,186 shares, a change of -3.8%. As on Jul 29, 2016, the outstanding shorts on the stock were 15,763,451 shares, however, by August 15, 2016, the shorts had reduced to 15,170,265 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 10.1% of the free float of the stock. It takes 7 days to cover the outstanding short positions. The stock has an average daily volume of 2,069,547 shares. The short interest information was released on Wednesday Aug 24th after the market close.

Bed Bath & Beyond (NASDAQ:BBBY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.89 and $45.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.86, notching a gain of 0.11% for the day. The total traded volume was 2,044,834 . The stock had closed at $45.81 on the previous day.


In a related news,The officer (Chief Operating Officer) of Bed Bath & Beyond Inc, Castagna Eugene A sold 17,866 shares at $45.86 on August 12, 2016. The Insider selling transaction had a total value worth of $819,335. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Bed Bath & Beyond Inc. and subsidiaries is a retailer selling an assortment of domestics merchandise and home furnishings, which operates under the names Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!, Harmon or Harmon Face Values, buybuy BABY and World Market, Cost Plus World Market or Cost Plus. Customers can purchase products from the Company either in-store, online or through a mobile device. In addition, the Company operates Of a Kind, an e-commerce Website that features specially commissioned, limited edition items from emerging fashion and home designers. It also operates Linen Holdings, a provider of a variety of textile products, amenities and other goods to institutional customers in the hospitality, cruise line, healthcare and other industries. The Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond. It sells an assortment of domestics merchandise and home furnishings.

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