Short Interest Update on DSW (DSW)

DSW (DSW) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 7,090,625 to 6,851,616 shares, with 5 days to go before the expiry. The short open interest has decreased by -3.4%, amounting to a reduction of -239,009 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 10.3% of the float of the company. The average daily volume of the stock is 1,398,817 shares. The short interest information was released on Wednesday Aug 24th after the market close.

DSW (NYSE:DSW): The stock opened at $25.93 on Wednesday but the bulls could not build on the opening and the stock topped out at $26.22 for the day. The stock traded down to $25.54 during the day, due to lack of any buying support eventually closed down at $25.91 with a loss of -0.46% for the day. The stock had closed at $26.03 on the previous day. The total traded volume was 1,703,152 shares.


In a related news, Rawlins Roger, CEO of Dsw Inc., executed a transaction worth $250,982 on May 26, 2016. A total of 12,249 shares were purchased at an average price of $20.49. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

DSW Inc. is a footwear and accessories retailer. The Company offers assortment of shoes, handbags and accessories for women and men. The Company operates through two segments: the DSW segment and the Affiliated Business Group (ABG) segment. Its DSW segment includes DSW stores and The Company separates DSW merchandise into four primary categories: womens footwear; mens footwear; athletic footwear; and accessories and other. The ABG segment partners with four other retailers to help build and optimize their footwear businesses. As of January 31, 2015, the Company operated 431 DSW stores in 42 states, the District of Columbia and Puerto Rico. DSW stores average approximately 21,500 square feet and carry approximately 22,000 pairs of shoes. The Company also offers DSW Rewards, through which members earn points towards certificates every time they purchase.

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