Nu Skin Enterprises (NUS) : 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 5,800,171 to 4,784,866 shares, with 6 days to go before the expiry. The short open interest has decreased by -17.5%, amounting to a reduction of -1,015,305 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 8.8% of the float of the company. The average daily volume of the stock is 865,291 shares. The short interest information was released on Wednesday Aug 24th after the market close.
Nu Skin Enterprises (NYSE:NUS): The stock opened at $58.59 on Wednesday but the bulls could not build on the opening and the stock topped out at $58.85 for the day. The stock traded down to $58.28 during the day, due to lack of any buying support eventually closed down at $58.69 with a loss of -0.43% for the day. The stock had closed at $58.95 on the previous day. The total traded volume was 450,531 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CFO of Nu Skin Enterprises Inc, Wood Ritch N, had purchased 7,500 shares in a transaction dated on March 8, 2016. The transaction was executed at $33.32 per share with total amount equaling $249,900.
Nu Skin Enterprises, Inc. is a global direct selling company marketing personal care and nutritional products in 53 markets worldwide. The Company develops and distributes anti-aging personal care products and nutritional supplements under its Nu Skin and Pharmanex brands, respectively. The Company has Pharmanex nutritional supplements and Nu Skin personal care products under its age LOC anti-aging brand. The Company offers anti-aging personal care products. Products in this category include its ageLOC Galvanic Spa System, its ageLOC Galvanic Body Spa, ageLOC Galvanic Spa Body Shaping Gel and ageLOC Dermatic Effects Body Contouring Lotion and its ageLOC Transformation anti-aging skin care system. The Company markets a variety of products under its Pharmanex brand. LifePak, its line of micronutrient supplements. Other anti-aging nutritional supplements include its ageLOC R2, which is designed to renew and recharge the body.