Skechers U.S.A. June 15th Short Interest Update

Skechers U.S.A. (NYSE:SKX) has shown a drop of 2.5% or 302,560 shares in the short positions. The bets have increased to 11,693,859 shares on June 15,2016 from 11,996,419 shares on May 31,2016. With respect to the floated shares, the shorts are 9%. The days to cover are calculated to be 4, using the standard per day volume of 2,632,856 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Skechers U.S.A. (NYSE:SKX): The stock opened at $28.10 on Friday but the bulls could not build on the opening and the stock topped out at $28.91 for the day. The stock traded down to $28.10 during the day, due to lack of any buying support eventually closed down at $28.20 with a loss of -3.75% for the day. The stock had closed at $29.30 on the previous day. The total traded volume was 3,648,712 shares.

The company shares have dropped -23.41% from its 1 Year high price. On Aug 6, 2015, the shares registered one year high at $54.53 and the one year low was seen on Nov 16, 2015. The 50-Day Moving Average price is $30.25 and the 200 Day Moving Average price is recorded at $30.22.

Skechers U.S.A. (NYSE:SKX) has tumbled 2.73% during the past week and has dropped 8.08% 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 1.11%. Skechers U.S.A. (NYSE:SKX) has underperformed the index by 5.3% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Skechers U.Skechers U.S.A., Inc. is a designer and marketer of Skechers-branded lifestyle footwear for men, women and children, and performance footwear for men and women under the Skechers GO brand name. The Companys brands are sold through department and specialty stores, athletic and independent retailers, boutiques and internet retailers. In addition to wholesale distribution, its footwear is available at its e-commerce site and its own retail stores. As of February 15, 2015, the Company owned and operated 119 concept stores, 146 factory outlet stores and 98 warehouse outlet stores in the United States, and 51 concept stores, 33 factory outlet stores, and three warehouse outlet stores internationally.

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