Coty (NYSE:COTY) stated gains of 1,319,838 shares or 8.4% in the short interest. The short interest registered from 15,709,167 on May 31,2016 to 17,029,005 on June 15,2016. In terms of floated shares, the shorted positions stood at 35.1%. The stock has been averaging 981,077 shares daily in trading and would need 17 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Coty (NYSE:COTY): The stock opened at $26.12 on Friday but the bulls could not build on the opening and the stock topped out at $26.39 for the day. The stock traded down to $25.23 during the day, due to lack of any buying support eventually closed down at $25.36 with a loss of -5.13% for the day. The stock had closed at $26.73 on the previous day. The total traded volume was 2,871,993 shares.
The company shares have dropped -21.29% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $32.72 and the one year low was seen on Jan 15, 2016. The 50-Day Moving Average price is $26.21 and the 200 Day Moving Average price is recorded at $26.83.
Coty (NYSE:COTY) has tumbled 3.39% during the past week and has dropped 3.43% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.79%. Coty (NYSE:COTY) has underperformed the index by 0.51% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Coty Inc. is a beauty company. The Company manufactures and markets beauty products in the Fragrances, Color Cosmetics and Skin & Body Care segments with distribution in over 130 countries and territories across both prestige and mass markets. Fragrances products include a variety of mens and womens products and include fashion designer, celebrity and lifestyle brands. Color Cosmetics products include nail and other color cosmetics, consisting of lip, eye and other facial color products. Skin & Body Care products include shower gels, deodorants, skin care and sun treatment products. The Companys top 10 brands include adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen.