The short interest in lululemon athletica (NASDAQ:LULU) has declined from 21,063,756 on May 31,2016 to 19,157,586 on June 15,2016. The change was measured at 1,906,170 shares or 9.1%. The leftover shorts were 19.8% of the floated shares. The days to cover are 5, given the average daily volume of 3,613,421 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
lululemon athletica (NASDAQ:LULU): The stock opened at $70.08 on Friday but the bulls could not build on the opening and the stock topped out at $70.90 for the day. The stock traded down to $69.46 during the day, due to lack of any buying support eventually closed down at $69.62 with a loss of -3.06% for the day. The stock had closed at $71.82 on the previous day. The total traded volume was 3,967,875 shares.
The company shares have rallied 7.44% from its 1 Year high price. On Jun 20, 2016, the shares registered one year high at $73.22 and the one year low was seen on Nov 17, 2015. The 50-Day Moving Average price is $66.45 and the 200 Day Moving Average price is recorded at $61.46.
lululemon athletica (NASDAQ:LULU) has tumbled 2.91% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 7.62% in the last four weeks. The stocks have underperformed the S&P 500 by 1.3% during the past week but lululemon athletica (NASDAQ:LULU) it has outperformed the index in 4 weeks by 10.88%.
lululemon athletica inc. is a designer and retailer of technical athletic apparel. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, general fitness and dance-inspired apparel for female youth. The Company conducts its business through two channels: corporate-owned stores and direct to consumer. The Company markets its athletic apparel under the lululemon athletica and ivivva athletica brand names. As of February 1, 2015, the Companys retail footprint included 211 stores in the United States, 57 stores in Canada, 26 stores in Australia, five in New Zealand, two in the United Kingdom and one in Singapore. The Companys retail stores are located primarily on street locations, in lifestyle centers and in malls.