Dicks Sporting Goods Inc (DKS) : The traders have covered their outstanding shorts in Dicks Sporting Goods Inc (DKS) to the tune of -340,940 shares, a change of -6.8%. As on Jul 29, 2016, the outstanding shorts on the stock were 5,044,459 shares, however, by August 15, 2016, the shorts had reduced to 4,703,519 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 5.4% of the free float of the stock. It takes 2 days to cover the outstanding short positions. The stock has an average daily volume of 2,203,928 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Dicks Sporting Goods Inc (NYSE:DKS): The stock opened at $58.90 on Wednesday but the bulls could not build on the opening and the stock topped out at $58.99 for the day. The stock traded down to $58.46 during the day, due to lack of any buying support eventually closed down at $58.60 with a loss of -0.42% for the day. The stock had closed at $58.85 on the previous day. The total traded volume was 1,502,017 shares.
In a related news, Stack Edward W, director officer 10% owner (Chairman and CEO) of Dicks Sporting Goods Inc, unloaded 295,000 shares at an average price of $45.8 on March 10, 2016. The total amount of the transaction was worth $13,511,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
DICKS Sporting Goods, Inc. is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories. The Company offers hardlines, such as sporting goods equipment, fitness equipment, golf equipment and hunting and fishing gear. The Company also owns and operates Golf Galaxy, Field & Stream and True Runner specialty stores. As of January 31, 2015, the Company operated 603 Dicks Sporting Goods stores in 46 states, 78 Golf Galaxy stores in 29 states, 10 Field & Stream stores in five states and three True Runner stores in three states. It also operates e-commerce Websites at www.DICKS.com and www.golfgalaxy.com.