Dicks Sporting Goods Inc June 15th Short Interest Update

Dicks Sporting Goods Inc (NYSE:DKS), A drop of 160,433 shares or 1.8% was seen in the short interest of Dicks Sporting Goods Inc. Even as the interest dropped from 9,085,503 shares on May 31,2016 to 8,925,070 shares on June 15,2016, the days to cover came in at 8. The updated interest stood at 10.3% of the stocks floats. The stock has seen an average daily volume of 1,144,504 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Dicks Sporting Goods Inc (NYSE:DKS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.27 and $40.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.30, notching a gain of 1.25% for the day. The total traded volume was 2,043,895 . The stock had closed at $40.79 on the previous day.

The company shares have dropped -19.88% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $53.83 and the one year low was seen on Nov 17, 2015. The 50-Day Moving Average price is $41.95 and the 200 Day Moving Average price is recorded at $41.43.

Stocks of Dicks Sporting Goods Inc (NYSE:DKS) rallied by 1.42% during the past week but lost 4.15% on a 4-week basis. The company has outperformed the S&P 500 by 3.11% in the past week but underperformed the index by 1.25% in the last 4 weeks.

DICKS Sporting Goods, Inc. is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories. The Company offers hardlines, such as sporting goods equipment, fitness equipment, golf equipment and hunting and fishing gear. The Company also owns and operates Golf Galaxy, Field & Stream and True Runner specialty stores. As of January 31, 2015, the Company operated 603 Dicks Sporting Goods stores in 46 states, 78 Golf Galaxy stores in 29 states, 10 Field & Stream stores in five states and three True Runner stores in three states. It also operates e-commerce Websites at www.DICKS.com and www.golfgalaxy.com.

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