SeaWorld Entertainment (NYSE:SEAS) stated gains of 2,079,224 shares or 12.5% in the short interest. The short interest registered from 16,625,854 on May 31,2016 to 18,705,078 on June 15,2016. In terms of floated shares, the shorted positions stood at 28.3%. The stock has been averaging 1,497,314 shares daily in trading and would need 12 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
SeaWorld Entertainment (NYSE:SEAS): The stock opened at $14.68 on Friday but the bulls could not build on the opening and the stock topped out at $14.89 for the day. The stock traded down to $14.11 during the day, due to lack of any buying support eventually closed down at $14.50 with a loss of -4.48% for the day. The stock had closed at $15.18 on the previous day. The total traded volume was 4,149,171 shares.
The company shares have dropped -23.60% from its 1 Year high price. On Apr 14, 2016, the shares registered one year high at $21.85 and the one year low was seen on Jun 24, 2016. The 50-Day Moving Average price is $16.87 and the 200 Day Moving Average price is recorded at $18.58.
SeaWorld Entertainment (NYSE:SEAS) has tumbled 5.23% during the past week and has dropped 18.08% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.66%. SeaWorld Entertainment (NYSE:SEAS) has underperformed the index by 15.6% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
SeaWorld Entertainment, Inc. (SeaWorld) is a theme park and entertainment company. It owns or licenses a portfolio of brands including SeaWorld, Shamu and Busch Gardens. It has 11 destination and regional theme parks that are located across the United States. Its theme parks feature an array of rides, shows and other attractions. The Company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas, and San Diego, California, and Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia. The Company operates water park attractions in Orlando, Florida (Aquatica); San Diego, California (Aquatica); Tampa, Florida (Adventure Island), and Williamsburg, Virginia (Water Country USA). The Company also operates a reservations-only attraction offering interaction with marine animals (Discovery Cove) and a seasonal park in Langhorne, Pennsylvania (Sesame Place).