Short Interest Update on Burlington Stores (BURL)

Burlington Stores (BURL) : Traders are negative on Burlington Stores (BURL), as it has 6.7% of short positions outstanding compared to its float. The total shorts have reduced by -208,375 shares, which is a -4.2% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,4,909,589 to 4,701,214 shares. While the daily trading volume of the stock is 798,360, there are 6 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Burlington Stores (NYSE:BURL): The stock opened at $79.15 on Wednesday but the bulls could not build on the opening and the stock topped out at $79.91 for the day. The stock traded down to $77.94 during the day, due to lack of any buying support eventually closed down at $78.50 with a loss of -1.33% for the day. The stock had closed at $79.56 on the previous day. The total traded volume was 1,970,818 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of Burlington Stores, Inc., Metheny Mike had sold 4,000 shares worth of $305,840 in a transaction dated August 12, 2016. In this transaction, 4,000 shares were sold at $76.46 per share.

Burlington Stores, Inc. is a retailer of branded apparel. As of January 31, 2015, the Company had 542 stores, inclusive of an Internet store, in 44 states of the United States and Puerto Rico. The Companys offerings for women include dresses, tops, bottoms, coats, shoes, suits and suit separates, handbags, intimates and sleepwear, active wear, sweaters, swimwear and cover-ups, jewelry and watches, maternity, beauty and fragrance and scrubs. The Companys offerings for men include t-shirts, suits and suit separates, coats, shoes, pants, button downs, jeans, shorts, dress shirts, polos, hoodies and sweatshirts, swim and active wear, sports fan shop, socks and underwear, pajamas and robes, grooming, gadgets and gifts, belts, wallets and sweaters. The Companys offerings for juniors include dresses, tops, bottoms, shoes, coats, sweaters, handbags, sleepwear, swimwear, beauty and fragrance, jewelry and watches.

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