Flowers Foods (NYSE:FLO) has witnessed a drop of 18.7% or 3,211,611 shares in its short figure. The short interest diminution took it from 17,128,640 on May 31,2016 to 13,917,029 on June 15,2016. In terms of floated shares, the short interest was calculated to be 7.8%. The days to cover are 6 given that the daily volume averaged 2,142,117 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Flowers Foods (NYSE:FLO): The stock was completely flat for the day, closing at $17.92 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $17.47, the stock touched an intraday high of $18.06 and a low of $17.39. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $17.92. The total trading volume on Friday was 2,776,879.
The company shares have dropped -15.83% from its 1 Year high price. On Oct 30, 2015, the shares registered one year high at $27.31 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $18.62 and the 200 Day Moving Average price is recorded at $19.19.
Stocks of Flowers Foods (NYSE:FLO) rallied by 0.06% during the past week but lost 4.68% on a 4-week basis. The company has outperformed the S&P 500 by 1.72% in the past week but underperformed the index by 1.8% in the last 4 weeks.
Flowers Foods, Inc. (Flowers) is a producer and marketer of a line of bakery products on a national and super-regional basis. The Company operates in two segments: a direct-store-delivery segment (DSD Segment) and a warehouse delivery segment (Warehouse Segment). The DSD Segment operates 38 bakeries that market a variety of fresh bakery foods, including breads, buns, rolls, tortillas and snack cakes. The Warehouse Segment produces frozen bread and rolls, and snack products. It operates eight bakeries that produce snack cakes, breads and rolls for national retail, foodservice, vending, and co-pack customers, which are delivered through customers warehouse channels and one bakery mix plant. The company operates 46 bakeries, of which 44 are owned and two are leased, and one mix plant.