Snyders-Lance (NASDAQ:LNCE) reported a rise of 16.8% or 719,706 shares in its short interest. The short figure came in at 6.6% of the total floats. The average daily volume of 659,215 shares suggests that the days to cover 4,999,404 short positions, as on June 15,2016, will be 8. On May 31,2016, the short interest was 4,279,698 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Snyders-Lance (NASDAQ:LNCE): The stock opened at $31.68 on Friday but the bulls could not build on the opening and the stock topped out at $32.48 for the day. The stock traded down to $31.59 during the day, due to lack of any buying support eventually closed down at $31.79 with a loss of -2.78% for the day. The stock had closed at $32.70 on the previous day. The total traded volume was 2,427,510 shares.
The company shares have dropped -1.64% from its 1 Year high price. On Nov 20, 2015, the shares registered one year high at $39.10 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $31.46 and the 200 Day Moving Average price is recorded at $32.22.
Snyders-Lance (NASDAQ:LNCE) has tumbled 0.03% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.15% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.63% and the outperformance has advanced to 5.24% for the last 4 weeks period.
Snyders-Lance, Inc. is a national snack food company. The Company is engaged in the manufacturing, distribution, marketing and sale of snack food products. Its products include pretzels, sandwich crackers, kettle cooked chips, pretzel crackers, cookies, potato chips, tortilla chips, nuts, restaurant style crackers and other salty snacks. It purchases certain cake products and sells under its brands. The Companys brands include core brands, such as Snyders of Hanover, Lance, Cape Cod, Snack Factory, Pretzel Crisps and Late July and allied brands, such as Toms, Archway, Jays, Stella Doro, EatSmart, Krunchers! and O-Ke-Doke. The Companys Clearview Foods division combines Snack Factory, Pretzel Crisps, Late July, Organic Snacks and EatSmart brands. The Company also sells Partner brand products, which consist of other third-party branded products that the Company sells to its independent business owners (IBO) through its direct-store-delivery distribution network (DSD network).