Signet Jewelers Limited June 15th Short Interest Update

Signet Jewelers Limited (NYSE:SIG), A increase of 114,281 shares or 1.5% was observed in the short interest of Signet Jewlers Limited The interest on June 15,2016 came in at 7,744,122 shares and as per the average daily trading of 3,665,841 shares, the days to cover are 2. The increased interest is 9.9% of the floated shares. The data of May 31,2016 put the interest at 7,629,841 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Signet Jewelers Limited (NYSE:SIG): The stock opened at $84.35 on Friday but the bulls could not build on the opening and the stock topped out at $85.27 for the day. The stock traded down to $81.65 during the day, due to lack of any buying support eventually closed down at $82.02 with a loss of -5.24% for the day. The stock had closed at $86.56 on the previous day. The total traded volume was 2,846,438 shares.

The company shares have dropped -35.78% from its 1 Year high price. On Oct 30, 2015, the shares registered one year high at $152.27 and the one year low was seen on Jun 16, 2016. The 50-Day Moving Average price is $95.76 and the 200 Day Moving Average price is recorded at $109.81.

Signet Jewelers Limited (NYSE:SIG) has tumbled 3.39% during the past week and has dropped 17.63% 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 1.79%. Signet Jewelers Limited (NYSE:SIG) has underperformed the index by 15.14% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company manages its business through four segments: the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment. The Other segment includes subsidiaries involved in purchasing and conversion of rough diamonds to polished stones and unallocated corporate administrative functions. The Company operates retail jewelry stores in real estate formats, including mall-based, free-standing, strip center and outlet store locations. The Company operated approximately 3,579 stores and kiosks across 4.8 million square feet of retail space.

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