V.F. Corporation (NYSE:VFC) reported a drop of 5.8% or 827,509 shares in its short interest. The short figure came in at 3.3% of the total floats. The average daily volume of 2,475,239 shares suggests that the days to cover 13,511,694 short positions, as on June 15,2016, will be 5. On May 31,2016, the short interest was 14,339,203 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
V.F. Corporation (NYSE:VFC): The stock opened at $62.89 on Friday but the bulls could not build on the opening and the stock topped out at $63.29 for the day. The stock traded down to $61.22 during the day, due to lack of any buying support eventually closed down at $61.31 with a loss of -5.72% for the day. The stock had closed at $65.03 on the previous day. The total traded volume was 3,343,086 shares.
The company shares have dropped -10.94% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $77.40 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $62.41 and the 200 Day Moving Average price is recorded at $62.37.
V.F. Corporation (NYSE:VFC) has tumbled 3.43% during the past week and has dropped 1.75% in the last 4 week period. The stocks have underperformed the S&P 500 by 1.83% during the past week but V.F. Corporation (NYSE:VFC) it has outperformed the index in 4 weeks by 1.23%.
V.F. Corporation (VF) is engaged in the design, manufacturing, marketing and distribution of branded lifestyle apparel, footwear and accessories. The Company operates through five coalitions: Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear and Contemporary Brands. The Company owns a portfolio of brands in the outerwear, footwear, denim, backpack, luggage, accessory, sportswear, occupational and performance apparel categories. The Companys brands primarily include The North Face, Vans, Timberland, Wrangler, Lee and Nautica. The Companys products are marketed to consumers shopping in specialty stores, upscale and traditional department stores, national chains, mass merchants and its own direct-to-consumer operations. Its direct-to-consumer business includes VF-operated stores, concession retail stores and e-commerce sites. The Companys brands sell products in international markets through licensees, distributors and independently-operated partnership stores.