Callaway Golf Company (NYSE:ELY) reported a drop of 9.1% or 157,570 shares in its short interest. The short figure came in at 1.7% of the total floats. The average daily volume of 819,035 shares suggests that the days to cover 1,578,216 short positions, as on June 15,2016, will be 2. On May 31,2016, the short interest was 1,735,786 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Callaway Golf Company (NYSE:ELY): The stock opened at $10.11 on Friday but the bulls could not build on the opening and the stock topped out at $10.13 for the day. The stock traded down to $9.98 during the day, due to lack of any buying support eventually closed down at $9.99 with a loss of -4.77% for the day. The stock had closed at $10.49 on the previous day. The total traded volume was 3,544,403 shares.
The company shares have rallied 10.14% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $10.62 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $9.86 and the 200 Day Moving Average price is recorded at $9.25.
Callaway Golf Company (NYSE:ELY) has tumbled 1.28% during the past week and has dropped 0.3% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.35% and the outperformance has advanced to 2.72% for the last 4 weeks period.
Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Company has two segments: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of the Companys trademarks and service marks and sales of pre-owned golf clubs. The golf balls segment consists of the Companys balls that are designed, manufactured and sold by the Company. The Company sells pre-owned golf products through its Website, www.callawaygolfpreowned.com. In addition, the Company sells Odyssey and its products direct to consumers through its Websites www.callawaygolf.com and www.odysseygolf.com. The Companys products are sold in the United States and in approximately 100 countries around the world.