Foot Locker June 15th Short Interest Update

Foot Locker (NYSE:FL) has seen a shortfall of 876,377 shares or 5.3% in the short interest. The remaining shorts are 11.7% of the total floated shares. The net short interest, as on June 15,2016, stood at 15,719,324 shares and the stocks days to cover will be 7 by factoring in the average per day volume of 2,124,336 shares. On May 31,2016, 16,595,701 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Foot Locker (NYSE:FL): The stock opened at $51.71 on Friday but the bulls could not build on the opening and the stock topped out at $53.33 for the day. The stock traded down to $51.45 during the day, due to lack of any buying support eventually closed down at $53.11 with a loss of -0.06% for the day. The stock had closed at $53.14 on the previous day. The total traded volume was 3,193,768 shares.

The company shares have dropped -19.57% from its 1 Year high price. On Sep 25, 2015, the shares registered one year high at $77.25 and the one year low was seen on Jun 24, 2016. The 50-Day Moving Average price is $55.88 and the 200 Day Moving Average price is recorded at $62.09.

Foot Locker (NYSE:FL) has tumbled 1.01% during the past week and has dropped 3.52% in the last 4 week period. The company has outperformed the S&P 500 by 0.64% in the past week but underperformed the index by 0.6% in the last 4 weeks.

Foot Locker, Inc. is a retailer of shoes and apparel. The Company operates in two segments: Athletic Stores and Direct-to-Customers. The Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction and SIX:02, as well as the retail stores of Runners Point Group, including Runners Point and Sidestep. The Direct-to-Customers segment includes, Inc. and other affiliates, including Eastbay, Inc., and the direct-to-customer subsidiary of Runners Point Group, which sell to customers through their Internet and mobile sites and catalogs. As of January 31, 2015, the Company operated 3,423 primarily mall-based stores in the United States, Canada, Europe, Australia and New Zealand. As of January 31, 2015, the Company operated a total of 78 franchised stores, of which 31 are in the Middle East, 27 in Germany and Switzerland, and 20 in the Republic of Korea.

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