Sally Beauty Holdings June 15th Short Interest Update

Sally Beauty Holdings (NYSE:SBH) has witnessed a rise of 5.6% or 358,032 shares in its short figure. The short interest augmentation took it from 6,443,462 on May 31,2016 to 6,801,494 on June 15,2016. In terms of floated shares, the short interest was calculated to be 4.7%. The days to cover are 3 given that the daily volume averaged 2,015,591 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Sally Beauty Holdings (NYSE:SBH): The stock opened at $28.27 on Friday but the bulls could not build on the opening and the stock topped out at $28.73 for the day. The stock traded down to $28.09 during the day, due to lack of any buying support eventually closed down at $28.31 with a loss of -2.71% for the day. The stock had closed at $29.10 on the previous day. The total traded volume was 2,544,206 shares.

The company shares have dropped -7.85% from its 1 Year high price. On Mar 30, 2016, the shares registered one year high at $32.93 and the one year low was seen on Oct 22, 2015. The 50-Day Moving Average price is $29.11 and the 200 Day Moving Average price is recorded at $29.56.

Sally Beauty Holdings (NYSE:SBH) has tumbled 1.77% during the past week and has dropped 0.6% in the last 4 week period. The stocks have underperformed the S&P 500 by 0.14% during the past week but Sally Beauty Holdings (NYSE:SBH) it has outperformed the index in 4 weeks by 2.41%.

Sally Beauty Holdings, Inc. (Sally Beauty) is a retailer and distributor of beauty supplies. The Company operates in North America, South America and Europe. Sally Beauty operates through two business segments namely Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty provides its customers with a variety of third-party branded beauty supplies, including hair color products, hair care products, styling appliances, brushes, nail care products, ethnic products and beauty items. Sally Beauty Supply is an open-line distributor of professional beauty supplies in the United States. Sally beauty supply products are sold in shopping centers, grocery stores, mass merchants and home centers. BSG is a full-service distributor of beauty supplies in North America. BSG and Armstrong McCall stores provide beauty product SKUs that include hair color, hair care, skin and nail care, beauty sundries and electrical appliances. BSG stores are located in secondary strip shopping centers.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.