Urban Outfitters June 15th Short Interest Update

Urban Outfitters (NASDAQ:URBN) has witnessed a drop of 3.3% or 294,614 shares in its short figure. The short interest diminution took it from 8,821,849 on May 31,2016 to 8,527,235 on June 15,2016. In terms of floated shares, the short interest was calculated to be 9.6%. The days to cover are 4 given that the daily volume averaged 2,334,778 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Urban Outfitters (NASDAQ:URBN): The stock opened at $26.11 on Friday but the bulls could not build on the opening and the stock topped out at $26.36 for the day. The stock traded down to $25.81 during the day, due to lack of any buying support eventually closed down at $25.86 with a loss of -3.87% for the day. The stock had closed at $26.90 on the previous day. The total traded volume was 3,156,951 shares.

The company shares have dropped -25.86% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $36.99 and the one year low was seen on Nov 17, 2015. The 50-Day Moving Average price is $27.39 and the 200 Day Moving Average price is recorded at $27.06.

Urban Outfitters (NASDAQ:URBN) has tumbled 0.46% during the past week and has dropped 10.58% in the last 4 week period. The company has outperformed the S&P 500 by 1.19% in the past week but underperformed the index by 7.88% in the last 4 weeks.

Urban Outfitters, Inc. (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Companys Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Companys customers through retail stores, Websites, mobile applications, catalogs and customer contact centers. The Urban Outfitters targets young adults aged 18 to 28. The Anthropologie Group consists of the Anthropologie and Bhldn brands. Free People retail stores offer private label branded merchandise targeted to young contemporary women aged 25 to 30. Terrain brand is designed for women and men interested in a creative, outdoor living and gardening. The Wholesale segment consists of the Free People wholesale division that primarily designs, develops and markets young womens contemporary casual apparel.

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