Short Interest Update on Fossil Group (FOSL)

Fossil Group (FOSL) : The bears are holding on to their shorts in Accenture Plc with 5 more days remaining for them to cover their positions. The bearish positions have increased from 7,629,129 on Jul 29, 2016, to 7,999,709, on August 15, 2016. Daily, 1,694,112 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 370,580 shares, which is an increase of just 4.9%. The total short interest of 19.5% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

Fossil Group (NASDAQ:FOSL): The stock opened at $31.69 on Wednesday but the bulls could not build on the opening and the stock topped out at $31.69 for the day. The stock traded down to $29.97 during the day, due to lack of any buying support eventually closed down at $30.09 with a loss of -5.17% for the day. The stock had closed at $31.73 on the previous day. The total traded volume was 1,327,985 shares.


In a related news, Ragusa Elysia Holt, director of Fossil Group, Inc., unloaded 2,718 shares at an average price of $37.07 on December 8, 2015. The total amount of the transaction was worth $100,756, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Fossil Group, Inc. is a global designer, marketer and distributor company that specializes in consumer fashion accessories. The Companys offerings include a line of mens and womens fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, soft accessories, and select apparel. The Company operates in four different segments: the North America Wholesale segment, the Europe Wholesale segment, Asia Pacific Wholesale segment and the Direct to Consumer segment. Its products are distributed globally through various distribution channels, including wholesale, retail stores and commercial Websites. The Company sells its products through a diversified distribution network that includes department stores, specialty retail locations, specialty watch and jewelry stores, Company-owned retail and factory outlet stores, mass market stores, and through its FOSSIL Website.

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