Short Interest Update on Carters (CRI)

Carters (CRI) : Traders are increasing their bearish positions on the stock, as is visible by the 85.7% jump in the outstanding short positions; a total addition of 608,070 shares on the sell side. On Jul 29, 2016, the total short positions were 709,701 shares, which went up to 1,317,771 shares by the close of trading on August 15, 2016. It will take 2 days for the bears to roll over or cover. An average of 713,324 shares exchange hands daily. 2.7% 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.

Carters (NYSE:CRI): The stock opened at $100.34 on Wednesday but the bulls could not build on the opening and the stock topped out at $100.60 for the day. The stock traded down to $98.90 during the day, due to lack of any buying support eventually closed down at $99.35 with a loss of -1.10% for the day. The stock had closed at $100.45 on the previous day. The total traded volume was 329,088 shares.


In a related news, Westenberger Richard F., officer (Chief Financial Officer) of Carters Inc, unloaded 2,500 shares at an average price of $101 on August 10, 2016. The total amount of the transaction was worth $252,500, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Carters, Inc. is a marketer of apparel for babies and young children in the United States. The Company owns two brand names in the childrens apparel industry, Carters and OshKosh. The Company operates through five business segments: Carters retail, Carters wholesale, OshKosh retail, OshKosh wholesale and International. It offers multiple product categories, including baby, sleepwear, playclothes and related accessories. As of January 3, 2015, the Company had approximately 18,000 wholesale locations (including national department stores, chain and specialty stores and discount retailers), 855 Company-operated stores and its Websites. As of January 3, 2015, the Company operated 531 Carters and 200 OshKosh outlet, brand, and specialty stores in the United States. As of January 3, 2015, its products are sold through 124 Company-operated stores in Canada in addition to its international wholesale, licensing and online channels.

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