Darden Restaurants June 15th Short Interest Update

Darden Restaurants (NYSE:DRI) has shown a rise of 4.8% or 652,045 shares in the short positions. The bets have increased to 14,140,734 shares on June 15,2016 from 13,488,689 shares on May 31,2016. With respect to the floated shares, the shorts are 11.2%. The days to cover are calculated to be 11, using the standard per day volume of 1,328,091 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Darden Restaurants (NYSE:DRI): The stock opened at $66.73 on Friday but the bulls could not build on the opening and the stock topped out at $67.73 for the day. The stock traded down to $66.58 during the day, due to lack of any buying support eventually closed down at $66.84 with a loss of -1.68% for the day. The stock had closed at $67.98 on the previous day. The total traded volume was 3,753,377 shares.

The company shares have dropped -6.12% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $75.60 and the one year low was seen on Nov 10, 2015. The 50-Day Moving Average price is $66.29 and the 200 Day Moving Average price is recorded at $63.99.

Darden Restaurants (NYSE:DRI) has tumbled 0.93% during the past week and has dropped 0.95% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.71% and the outperformance has advanced to 2.05% for the last 4 weeks period.

Darden Restaurants, Inc. is a full service restaurant company. The Company owns and operates more than 1,500 restaurants. The Companys restaurant brands include Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie Vs Prime Seafood, Wildfish Seafood Grill and Yard House. Through subsidiaries, the Company owns and operates all of its restaurants in the United States and Canada, except for three restaurants located in Florida and three restaurants in California, which are owned jointly by the Company and third parties, and managed by the Company, seven franchised restaurants in Puerto Rico and one Atlanta, Georgia airport location.

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