Columbia Sportswear Company (COLM) : 2 days before expiry, shorts in Columbia Sportswear Company (COLM) have reduced from 616,490 on Jul 29, 2016, to 564,099 on August 15, 2016. On an average, 266,164 shares are traded on the exchange. The outstanding bearish positions are equal to 2.1% of the float. Short sellers have covered -52,391 shares, a reduction of -8.5%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Columbia Sportswear Company (NASDAQ:COLM): The stock opened at $56.98 on Wednesday but the bulls could not build on the opening and the stock topped out at $57.11 for the day. The stock traded down to $56.63 during the day, due to lack of any buying support eventually closed down at $57.00 with a loss of -0.30% for the day. The stock had closed at $57.17 on the previous day. The total traded volume was 125,495 shares.
In a related news, The Securities and Exchange Commission has divulged that Bragdon Peter J, officer (EVP/CAO, Gen. Counsel & Sec.) of Columbia Sportswear Co, had unloaded 10,000 shares at an average price of $58.95 in a transaction dated on June 20, 2016. The total value of the transaction was worth $589,500.
Columbia Sportswear Company is a hat distributor. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and Montrail brands. It offers products, including outerwear, sportswear, footwear, accessories and equipment for a variety of activities and consumers. Its other brands include Montrail brand, OutDry brand and Pacific Trail brand. It develops and manages its merchandise in two categories: apparel, accessories and equipment, and footwear. Its apparel, accessories and equipment are designed to use in a variety of outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports and adventure travel. Its footwear products include durable, lightweight hiking boots, trail running shoes, rugged cold weather boots and casual shoes. It operates in North America, Europe, Japan, Korea and China.