Short Interest Update on Big Lots (BIG)

Big Lots (BIG) : Traders are increasing their bearish positions on the stock, as is visible by the 1.4% jump in the outstanding short positions; a total addition of 197,812 shares on the sell side. On Jul 29, 2016, the total short positions were 14,432,358 shares, which went up to 14,630,170 shares by the close of trading on August 15, 2016. It will take 15 days for the bears to roll over or cover. An average of 971,349 shares exchange hands daily. 33.3% 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.

Big Lots (NYSE:BIG): The stock opened at $55.00 on Wednesday but the bulls could not build on the opening and the stock topped out at $55.47 for the day. The stock traded down to $54.58 during the day, due to lack of any buying support eventually closed down at $55.32 with a loss of -0.43% for the day. The stock had closed at $55.56 on the previous day. The total traded volume was 1,300,705 shares.


In a related news, The Securities and Exchange Commission has divulged that Solt Russell, director of Big Lots Inc, had unloaded 3,000 shares at an average price of $52.1 in a transaction dated on July 11, 2016. The total value of the transaction was worth $156,300.

Big Lots, Inc. is a United States-based discount retailer. As of December 31, 2014, the Company, through its wholly owned subsidiaries, operated 1,460 stores in 48 states. The Companys Food category includes beverage and grocery, candy and snacks, and specialty foods. Its Consumables category includes health and beauty, plastics, paper, chemical and pet departments. Its Soft Home category includes fashion bedding, utility bedding, bath, window, decorative textile and flooring, and the Hard Home category includes small appliances, table top, food preparation, stationery, greeting card, tools, paint and home maintenance departments. Its Furniture & Home Decor category includes upholstery, mattress, case goods, home decor and frames; the Seasonal category includes lawn & garden, summer, Christmas, toys, books, sporting goods and other holiday and its Electronics & Accessories category includes electronics, jewelry, apparel, hosiery and infant accessories departments.

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