Skechers U.S.A. (SKX): Price Target and June Short Interest Disclosure

Skechers U.S.A. (SKX) : The highest level Skechers U.S.A. (SKX) is projected to reach is $54 for the short term and the lowest estimate is at $30. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $40.22 and the possibility the share price can swing is $7.89.

The short interest in Skechers U.S.A. (SKX) has declined from 11,693,859 on June 15,2016 to 10,861,988 on June 30,2016. The change was measured at 831,871 shares or 7.1%. The leftover shorts were 8.4% of the floated shares. The days to cover are 5, given the average daily volume of 2,255,096 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Macquarie initiates coverage on Skechers U.S.A. (NYSE:SKX). The shares have now been rated Outperform by the stock experts at the ratings house. Macquarie announces the current price target of $45 per share on Skechers U.S.A. . The rating by the firm was issued on April 7, 2016.


Skechers U.S.A. (NYSE:SKX): On Thursdays trading session , Opening price of the stock was $32.41 with an intraday high of $32.66. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $31.751. However, the stock managed to close at $32, a loss of 1.60% for the day. On the previous day, the stock had closed at $32.52. The total traded volume of the day was 2,522,831 shares.

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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