Best Buy Co. (NYSE:BBY), According to the latest information the short interest in Best Buy shot up by 15% or 3,999,842 shares. The final shorts are 11% of the total floated shares. The positions increased from 26,638,064 shares on May 31,2016 to 30,637,906 on June 15,2016. According to the per-day average trading of 5,321,776 shares, the days to cover are 6. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Best Buy Co. (NYSE:BBY): The stock opened at $29.65 on Friday but the bulls could not build on the opening and the stock topped out at $30.35 for the day. The stock traded down to $29.50 during the day, due to lack of any buying support eventually closed down at $30.15 with a loss of -0.92% for the day. The stock had closed at $30.43 on the previous day. The total traded volume was 4,192,786 shares.
The company shares have dropped -7.88% from its 1 Year high price. On Sep 17, 2015, the shares registered one year high at $39.10 and the one year low was seen on Jan 15, 2016. The 50-Day Moving Average price is $31.18 and the 200 Day Moving Average price is recorded at $30.83.
Best Buy Co. (NYSE:BBY) has tumbled 0.5% during the past week and has dropped 5.87% in the last 4 week period. The company has outperformed the S&P 500 by 1.16% in the past week but underperformed the index by 3.02% in the last 4 weeks.
Best Buy Co., Inc. is a provider of technology products, services and solutions. The Company offers service to the consumers, small business owners and educators, who visit its stores, engage with Geek Squad agents or use its Websites or mobile applications. It has retail and online operations in the United States, Canada and Mexico. It operates through two segments: Domestic and International. The Domestic segment consists of all operations within the United States and its territories, operating e-commerce, retail store and call center operations under a range of brand names, including, Best Buy (bestbuy.com), Best Buy Mobile, Geek Squad, Magnolia Audio Video and Pacific Sales. The International segment consists of all operations outside the United States and its territories. In addition, the Company operates Magnolia Home Theater, Magnolia Design Center and Pacific Kitchen and Home store-within-a-store experiences in the United States Best Buy stores.