Nordstrom (NYSE:JWN) stated gains of 1,293,928 shares or 4% in the short interest. The short interest registered from 32,173,377 on May 31,2016 to 33,467,305 on June 15,2016. In terms of floated shares, the shorted positions stood at 27.3%. The stock has been averaging 4,139,748 shares daily in trading and would need 8 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Nordstrom (NYSE:JWN): The stock opened at $37.05 on Friday but the bulls could not build on the opening and the stock topped out at $37.52 for the day. The stock traded down to $36.56 during the day, due to lack of any buying support eventually closed down at $37.13 with a loss of -2.93% for the day. The stock had closed at $38.25 on the previous day. The total traded volume was 4,210,417 shares.
The company shares have dropped -50.03% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $80.23 and the one year low was seen on May 18, 2016. The 50-Day Moving Average price is $39.51 and the 200 Day Moving Average price is recorded at $48.79.
Nordstrom (NYSE:JWN) has tumbled 0.93% during the past week and has dropped 2.72% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.71% and the outperformance has advanced to 0.22% for the last 4 weeks period.
Nordstrom, Inc. is a fashion specialty retailer in the United States. The company operates through two segments: Retail and Credit. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and Nordstrom.com, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, Nordstromrack.com and HauteLook, and other retail channels, including five Trunk Club showrooms and TrunkClub.com, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance. Credit segment includes its wholly owned federal savings bank, Nordstrom fsb, through which it provides a private label credit card, two Nordstrom VISA credit cards and a debit card. The Company operated 290 United States stores located in 38 states, as well as an e-commerce business through Nordstrom.com, Nordstromrack.com and HauteLook and TrunkClub.com, as of March 16, 2015. It also operates two Nordstrom full-line stores in Canada.