Aarons (AAN) : Traders are increasing their bearish positions on the stock, as is visible by the 4% jump in the outstanding short positions; a total addition of 106,251 shares on the sell side. On Jul 29, 2016, the total short positions were 2,635,351 shares, which went up to 2,741,602 shares by the close of trading on August 15, 2016. It will take 6 days for the bears to roll over or cover. An average of 497,553 shares exchange hands daily. 4.3% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
Aarons (NYSE:AAN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.53 and $25.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.30, notching a gain of 0.12% for the day. The total traded volume was 459,805 . The stock had closed at $25.27 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (CTO Progressive Leasing) of Aarons Inc, Doman Curtis Linn, had purchased 3,000 shares in a transaction dated on March 17, 2016. The transaction was executed at $23.75 per share with total amount equaling $71,250.
Aarons, Inc. (Aarons) is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The Company operates through five segments: The Aarons Sales and Lease Ownership segment, which offers furniture, electronics, appliances and computers to consumers on a monthly payment basis; Progressive, which is a virtual lease-to-own company that provides lease-purchase solutions; The HomeSmart segment, which offers furniture, electronics, appliances and computers to consumers on a weekly payment basis; Franchise, which awards franchises and supports franchisees of its sales and lease ownership concept, and Manufacturing segment, which manufactures upholstered furniture and bedding for use by Company-operated and franchised stores. Its products include flat-screen televisions, computers, tablets, living room, dining room and bedroom furniture, among others. Its brands include Samsung, Frigidaire, Hewlett-Packard, LG, Maytag, RCA and JVC.