Wayfair June 15th Short Interest Update

Wayfair (NYSE:W) reported a rise of 7.3% or 986,462 shares in its short interest. The short figure came in at 47.3% of the total floats. The average daily volume of 1,077,244 shares suggests that the days to cover 14,466,961 short positions, as on June 15,2016, will be 13. On May 31,2016, the short interest was 13,480,499 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Wayfair (NYSE:W): The stock opened at $40.35 on Friday but the bulls could not build on the opening and the stock topped out at $42.44 for the day. The stock traded down to $39.84 during the day, due to lack of any buying support eventually closed down at $40.25 with a loss of -5.83% for the day. The stock had closed at $42.74 on the previous day. The total traded volume was 2,767,109 shares.

The company shares have rallied 9.40% from its 1 Year high price. On Aug 13, 2015, the shares registered one year high at $56.84 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $39.91 and the 200 Day Moving Average price is recorded at $41.52.

Stocks of Wayfair (NYSE:W) rallied by 2.81% during the past week but lost 1.35% on a 4-week basis. In the past week, the company has outperformed the S&P 500 by 4.52% and the outperformance has advanced to 1.64% for the last 4 weeks period.

Wayfair Inc. (Wayfair) is an online destination for the home. Through its e-commerce business model, the Company offers browsing, merchandising, product discovery and prices for over seven million products from over 7,000 suppliers across five brands: Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair.com is its flagship mass market brand that focuses on offering a range of home furnishings and decor. Joss & Main is the Companys online flash sales site. AllModern is an online destination for original design for home enthusiasts. DwellStudio is an online design studio for home furnishings. Birch Lane is a new destination for home designs. Wayfair also generates revenues online through its retail partners. Wayfair Media Solutions helps selected manufacturers, retailers and other advertisers market to its consumer audience.

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