Short Interest Update on Bojangles (BOJA)

Bojangles (BOJA) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 440,583 to 398,208 shares, with 1 days to go before the expiry. The short open interest has decreased by -9.6%, amounting to a reduction of -42,375 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 4.4% of the float of the company. The average daily volume of the stock is 337,383 shares. The short interest information was released on Wednesday Aug 24th after the market close.

Bojangles (NASDAQ:BOJA): The stock opened at $16.64 on Wednesday but the bulls could not build on the opening and the stock topped out at $16.74 for the day. The stock traded down to $16.52 during the day, due to lack of any buying support eventually closed down at $16.55 with a loss of -0.42% for the day. The stock had closed at $16.62 on the previous day. The total traded volume was 101,932 shares.


In a related news, Kussell William A, director of Bojangles, Inc., unloaded 25,000 shares at an average price of $16.73 on August 17, 2016. The total amount of the transaction was worth $418,250, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Bojangles, Inc. (Bojangles) is a restaurant operator and franchisor. The Company is engaged in serving customers with food made from its Southern recipes. The Companys restaurants offer biscuits, bone-in fried chicken, fixins and Legendary Iced Tea. It offers Southern-inspired items to a customer demographic across five day parts: breakfast, lunch, snack, dinner and after dinner. It offers hand-breaded, bone-in chicken, Chicken Supremes, Homestyle Chicken Tenders, sandwiches and wraps, as well as fixins, including its Seasoned Fries, Bo-Tato Rounds, Cajun Pintos and Dirty Rice. The Companys Bo-Smart menu features items, such as salads, grilled chicken sandwiches, roasted chicken bites and fat-free green beans. In addition to its individual menu items, the Company offers combos and family meals for parties, as well as its Big Bo Box, for tailgating events. Bojangles offers biscuit sandwiches, including its smoked sausage biscuit, grilled pork chop biscuit and Cheddar-Bo.

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