El Pollo Loco Holdings (LOCO) : The bears are holding on to their shorts in Accenture Plc with 6 more days remaining for them to cover their positions. The bearish positions have increased from 2,835,624 on Jul 29, 2016, to 3,226,558, on August 15, 2016. Daily, 550,312 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 390,934 shares, which is an increase of just 13.8%. The total short interest of 15% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.
El Pollo Loco Holdings (NASDAQ:LOCO): The stock opened at $13.80 on Wednesday but the bulls could not build on the opening and the stock topped out at $13.94 for the day. The stock traded down to $13.71 during the day, due to lack of any buying support eventually closed down at $13.75 with a loss of -0.87% for the day. The stock had closed at $13.87 on the previous day. The total traded volume was 213,776 shares.
In a related news, Borgese Samuel N., director of El Pollo Loco Holdings, Inc., unloaded 11,645 shares at an average price of $24.06 on May 19, 2015. The total amount of the transaction was worth $280,179, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
El Pollo Loco Holdings, Inc. is a restaurant concept that specializes in fire-grilling citrus-marinated chicken. The Companys activities are conducted principally through its indirect subsidiary, El Pollo Loco, Inc. (EPL), which develops, franchises, licenses and operates quick-service restaurants under the name El Pollo Loco. The restaurants are located in California, Arizona, Nevada, Texas, and Utah. The Company offers flame-grilled chicken in a range of contemporary Mexican-influenced entrees, including specialty chicken burritos, chicken quesadillas, chicken tortilla soup, Pollo Bowls and Pollo Salads. As of December 31, 2014, the Company operated 172 (134 in the greater Los Angeles area) and franchised 243 (137 in the greater Los Angeles area) El Pollo Loco restaurants.