Costco Wholesale Corporation June 15th Short Interest Update

Costco Wholesale Corporation (NASDAQ:COST), A drop of 570,158 shares or 5.4% was seen in the short interest of Costco Wholesale Corporation. Even as the interest dropped from 10,538,071 shares on May 31,2016 to 9,967,913 shares on June 15,2016, the days to cover came in at 4. The updated interest stood at 2.3% of the stocks floats. The stock has seen an average daily volume of 2,560,999 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Costco Wholesale Corporation (NASDAQ:COST): The stock opened at $153.16 on Friday but the bulls could not build on the opening and the stock topped out at $157.69 for the day. The stock traded down to $153.10 during the day, due to lack of any buying support eventually closed down at $155.56 with a loss of -0.94% for the day. The stock had closed at $157.03 on the previous day. The total traded volume was 3,996,146 shares.

The company shares have rallied 14.64% from its 1 Year high price. On Dec 8, 2015, the shares registered one year high at $169.73 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $150.31 and the 200 Day Moving Average price is recorded at $152.61.

Costco Wholesale Corporation (NASDAQ:COST) has tumbled 0.21% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 4.35% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.44% and the outperformance has advanced to 7.5% for the last 4 weeks period.

Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet. The Companys warehouses generally operate on a seven-day, 69-hour week. The Companys product categories include Food, Sundries, Hardlines, Fresh Food, Softlines, Ancillary and Other. The Companys online business provides products, which include services, such as photo processing, pharmacy, travel, business delivery, and membership services.

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