Express (NYSE:EXPR) has witnessed a drop of 32% or 2,565,365 shares in its short figure. The short interest diminution took it from 8,011,923 on May 31,2016 to 5,446,558 on June 15,2016. In terms of floated shares, the short interest was calculated to be 7.6%. The days to cover are 3 given that the daily volume averaged 1,920,339 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Express (NYSE:EXPR): The stock opened at $13.98 on Friday but the bulls could not build on the opening and the stock topped out at $14.36 for the day. The stock traded down to $13.98 during the day, due to lack of any buying support eventually closed down at $14.26 with a loss of -1.66% for the day. The stock had closed at $14.50 on the previous day. The total traded volume was 4,495,523 shares.
The company shares have dropped -20.65% from its 1 Year high price. On Apr 1, 2016, the shares registered one year high at $21.57 and the one year low was seen on May 25, 2016. The 50-Day Moving Average price is $15.27 and the 200 Day Moving Average price is recorded at $17.45.
Express (NYSE:EXPR) has tumbled 0.35% during the past week and has dropped 1.52% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 1.3% and the outperformance has advanced to 1.46% for the last 4 weeks period.
Express, Inc. is a specialty apparel and accessories retailer offering both womens and mens merchandise, targeting the 20 to 30 year old customer. The Company offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeans wear and going-out occasions. The Company operates one segment, which includes the operation of its brick-and-mortar retail and outlet stores, e-commerce operations and franchise operations. The Company sells its products through its e-commerce Website, www.express.com, and has franchise agreements with franchisees that operate Express locations in Latin America, the Middle East and South Africa. The Company operates approximately 641 stores across the United States, in Canada and in Puerto Rico, including 41 factory outlet stores.