Black Diamond June 15th Short Interest Update

Black Diamond (NASDAQ:BDE), According to the latest information the short interest in Black Diamond, Inc. shot up by 2% or 34,296 shares. The final shorts are 8.2% of the total floated shares. The positions increased from 1,717,252 shares on May 31,2016 to 1,751,548 on June 15,2016. According to the per-day average trading of 101,380 shares, the days to cover are 17. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Black Diamond (NASDAQ:BDE): The stock was completely flat for the day, closing at $4.21 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $4.11, the stock touched an intraday high of $4.27 and a low of $4.07. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $4.21. The total trading volume on Friday was 2,127,037.

The company shares have dropped -55.59% from its 1 Year high price. On Jul 24, 2015, the shares registered one year high at $10.20 and the one year low was seen on Nov 10, 2015. The 50-Day Moving Average price is $4.26 and the 200 Day Moving Average price is recorded at $4.37.

Black Diamond (NASDAQ:BDE) has tumbled 5.18% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.24% in the last four weeks. The stocks have underperformed the S&P 500 by 3.61% during the past week but Black Diamond (NASDAQ:BDE) it has outperformed the index in 4 weeks by 3.27%.

Black Diamond, Inc. is engaged in the designing, manufacturing, and marketing active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing, cycling, and a range of other year-round outdoor recreation activities. The Company offers a range of products including: performance apparel (such as jackets, shells, pants and bibs) rock-climbing equipment (such as carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gear); technical backpacks and high-end day packs; tents; trekking poles; headlamps and lanterns, and gloves and mittens. It also offers design helmets, body armor, and goggles for skiing, mountain and road cycling, as well as eyewear, skis, ski poles, ski bindings, ski boots, ski skins, and ski safety products, including avalanche transceivers, shovels, and probes. The companys principal brands include Black Diamond, POC and PIEPS.

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