Primo Water Corporation June 15th Short Interest Update

Primo Water Corporation (NASDAQ:PRMW) has shown a drop of 1.1% or 1,817 shares in the short positions. The bets have increased to 166,367 shares on June 15,2016 from 168,184 shares on May 31,2016. With respect to the floated shares, the shorts are 0.7%. The days to cover are calculated to be 1, using the standard per day volume of 135,669 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Primo Water Corporation (NASDAQ:PRMW): The stock opened at $10.62 on Friday but the bulls could not build on the opening and the stock topped out at $10.81 for the day. The stock traded down to $10.44 during the day, due to lack of any buying support eventually closed down at $10.61 with a loss of -2.57% for the day. The stock had closed at $10.89 on the previous day. The total traded volume was 2,408,847 shares.

The company shares have rallied 86.80% from its 1 Year high price. On May 10, 2016, the shares registered one year high at $12.37 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $11.31 and the 200 Day Moving Average price is recorded at $9.81.

Primo Water Corporation (NASDAQ:PRMW) has tumbled 0.19% during the past week and has dropped 7.98% in the last 4 week period. The company has outperformed the S&P 500 by 1.47% in the past week but underperformed the index by 5.19% in the last 4 weeks.

Primo Water Corporation is a provider of multi-gallon purified bottled water, self-service refill water and water dispensers. The Companys products provide a solution for consuming purified and filtered water. It provides retailers throughout the United States and Canada with single-vendor solutions for Exchange and Refill services. Its Exchange solution offers retailers financial margins and the ability to optimize typically unused retail space with its displays. Its Refill solution provides filtered water through the installation and servicing of reverse osmosis water filtration systems in the back room of the retailers store location, which minimizes the usage of the customers retail space. The Company has two operational segments: Primo Water (Water) and Primo Dispensers (Dispensers).

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