Molson Coors Brewing Company (NYSE:TAP) reported a rise of 3.2% or 134,502 shares in its short interest. The short figure came in at 2.5% of the total floats. The average daily volume of 1,546,509 shares suggests that the days to cover 4,323,102 short positions, as on June 15,2016, will be 3. On May 31,2016, the short interest was 4,188,600 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Molson Coors Brewing Company (NYSE:TAP): The stock opened at $98.54 on Friday but the bulls could not build on the opening and the stock topped out at $99.52 for the day. The stock traded down to $97.30 during the day, due to lack of any buying support eventually closed down at $98.08 with a loss of -3.80% for the day. The stock had closed at $101.95 on the previous day. The total traded volume was 3,631,881 shares.
The company shares have rallied 38.94% from its 1 Year high price. On Jun 10, 2016, the shares registered one year high at $104.15 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $100.25 and the 200 Day Moving Average price is recorded at $93.73.
Molson Coors Brewing Company (NYSE:TAP) has tumbled 2.22% during the past week and has dropped 2.12% in the last 4 week period. The stocks have underperformed the S&P 500 by 0.6% during the past week but Molson Coors Brewing Company (NYSE:TAP) it has outperformed the index in 4 weeks by 0.85%.
Molson Coors Brewing Company (MCBC) is a holding Company that operates as a brewer. The Company has a portfolio of owned and partner brands, including Carling, Coors Light, Molson Canadian and Staropramen brands, as well as craft and beers, such as Blue Moon, Creemore Springs, Cobra and Sharps Doom Bar. The Company operates in four segments: Molson Coors Canada (MCC or Canada segment), operating in Canada; MillerCoors LLC (MillerCoors or U.S. segment), operating in the United States (U.S.); Molson Coors Europe (Europe segment), operating in Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, Slovakia and the United Kingdom (U.K.), and Molson Coors International (MCI), operating in various other countries.