Restoration Hardware Holdings (NYSE:RH) has witnessed a rise of 46% or 3,135,116 shares in its short figure. The short interest augmentation took it from 6,808,768 on May 31,2016 to 9,943,884 on June 15,2016. In terms of floated shares, the short interest was calculated to be 26%. The days to cover are 2 given that the daily volume averaged 6,230,071 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Restoration Hardware Holdings (NYSE:RH): The stock opened at $26.67 on Friday but the bulls could not build on the opening and the stock topped out at $27.70 for the day. The stock traded down to $26.61 during the day, due to lack of any buying support eventually closed down at $27.56 with a loss of -1.29% for the day. The stock had closed at $27.92 on the previous day. The total traded volume was 4,023,409 shares.
The company shares have dropped -71.29% from its 1 Year high price. On Nov 4, 2015, the shares registered one year high at $106.49 and the one year low was seen on Jun 14, 2016. The 50-Day Moving Average price is $31.46 and the 200 Day Moving Average price is recorded at $48.51.
Stocks of Restoration Hardware Holdings (NYSE:RH) rallied by 6.04% during the past week but lost 17.83% on a 4-week basis. The company has outperformed the S&P 500 by 7.8% in the past week but underperformed the index by 15.34% in the last 4 weeks.
Restoration Hardware Holdings, Inc. (RH) is a holding company. The Company, together with its subsidiaries, is a luxury home furnishings retailer that offers various categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware and childrens furnishings. These products are sold through the Companys stores, catalogs and Websites. The Company operated a total of approximately 67 retail stores and over 17 outlet stores in approximately 29 states, the District of Columbia and Canada, and had sourcing operations in Shanghai and Hong Kong. The Companys retail stores are located primarily in upscale malls and street locations. The Company operates stores in Alabama, Arizona, California, Colorado, Connecticut, Florida, Massachusetts, Michigan, New York, Pennsylvania, Texas, Tennessee and British Columbia, among others. Its Websites, www.restorationhardware.com and www.rh.com, provide its customers to purchase its merchandise online.