Short Interest Update on Scripps Networks Interactive Inc (SNI)

Scripps Networks Interactive Inc (SNI) : Traders are negative on Scripps Networks Interactive Inc (SNI), as it has 13.7% of short positions outstanding compared to its float. The total shorts have reduced by -616,936 shares, which is a -5.3% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,11,621,019 to 11,004,083 shares. While the daily trading volume of the stock is 1,624,176, there are 7 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Scripps Networks Interactive Inc (NYSE:SNI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $64.27 and $64.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $65.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.60, notching a gain of 0.23% for the day. The total traded volume was 1,185,025 . The stock had closed at $64.45 on the previous day.


In a related news, The officer (EVP, Global Operations & CTO), of Scripps Networks Interactive, Inc., Hale Mark S had unloaded 8,118 shares at $64.65 per share in a transaction on May 13, 2016. The total value of transaction was $524,829. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Scripps Networks Interactive, Inc. (SNI) is a developer of lifestyle-oriented content for linear and interactive video platforms, including television and the Internet brands. The Company manages its operations through its Lifestyle Media segment. Lifestyle Media includes its six national television networks, HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and Great American Country. HGTV focuses on decorating, interior design, home remodeling, landscape design and real estate topics. Food Network programming content includes food-related topics. Travel Channel is a travel multi-media brand. DIY Network provides entertaining and informational programming content. Cooking Channel programming focuses on food information and instructional cooking. Great American Country offers the country music experience, music performance specials, live concerts and country music videos.

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