Hasbro (NASDAQ:HAS) encountered a drop of 2.8% or -154,002 shares in the short positions. The number dropped from 5,414,746 on May 31,2016 to 5,260,744 on June 15,2016. The final interest is 4.8% of the floated stock. The days to cover figure of 8 can be arrived using the average daily exchange of 675,756 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Hasbro (NASDAQ:HAS): The stock opened at $83.45 on Friday but the bulls could not build on the opening and the stock topped out at $84.20 for the day. The stock traded down to $82.33 during the day, due to lack of any buying support eventually closed down at $82.37 with a loss of -4.44% for the day. The stock had closed at $86.20 on the previous day. The total traded volume was 2,621,137 shares.
The company shares have rallied 8.96% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $88.53 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $85.82 and the 200 Day Moving Average price is recorded at $78.09.
Hasbro (NASDAQ:HAS) has tumbled 3.57% during the past week and has dropped 5.63% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.97%. Hasbro (NASDAQ:HAS) has underperformed the index by 2.77% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Hasbro, Inc. (Hasbro), through its wholly owned Hasbro Studios LLC (Hasbro Studios), creates entertainment brand storytelling across mediums, including television, film and among others. Its brand blueprint involves re-imagining, re-inventing, and re-igniting its owned and controlled brands, and imagining, inventing and igniting new brands, through toy and game innovation, immersive entertainment offerings, including television programming and motion pictures, and a range of products, ranging from traditional to digital. The Company markets its brands under product categories, which include boys, games, girls and preschool toys. The Companys business operations include United States, Canada, International, Entertainment and Licensing. Its global operations include arranging product manufacturing and sourcing for the United States and Canada and International operations. Its brands include LITTLEST PET SHOP, MONOPOLY, MY LITTLE PONY, NERF, PLAY-DOH and TRANSFORMERS.