SuperValu (SVU): Price Target and June Short Interest Disclosure

SuperValu (SVU) : 4 Wall Street analysts covering SuperValu (SVU) believe that the average level the stock could reach for the short term is $6.88. The maximum price target given is $10 and the minimum target for short term is around $6, hence the standard deviation is calculated at $2.1.

SuperValu (SVU), A increase of 202,752 shares or 1.7% was observed in the short interest of SUPERVALU Inc. The interest on June 30,2016 came in at 12,446,366 shares and as per the average daily trading of 2,488,152 shares, the days to cover are 5. The increased interest is 4.8% of the floated shares. The data of June 15,2016 put the interest at 12,243,614 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


SuperValu (NYSE:SVU): On Thursdays trading session , Opening price of the stock was $5.34 with an intraday high of $5.42. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $5.29. However, the stock managed to close at $5.29, a loss of 0.56% for the day. On the previous day, the stock had closed at $5.32. The total traded volume of the day was 2,157,301 shares.

SUPERVALU INC. (SUPERVALU) is a wholesale distributor to independent retail customers across the United States. The Company leverages its distribution operations by providing wholesale distribution and logistics service solutions to independent retail customers and Save-A-Lot licensees, as well as wholesale distribution to its Retail Food and Save-A-Lot stores. It operates in three segments: Independent Business, which is engaged in wholesale distribution and logistics service solutions to independently owned retail stores and other customers (collectively referred to as independent retail customers); Save-A-Lot, which is engaged in the sale of groceries at retail locations operated by the Company and from stores licensed by the Company, to which it provides wholesale distribution, and Retail Food, which is engaged in the sale of groceries and other products at retail locations operated by the Company.

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