Five Below (FIVE) has 6,928,229 shares of shorts outstanding as on August 15, 2016, with 10 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 7,173,966 shares. The stock has a decent trading volume of 668,361 shares daily. The marginal decrease in the short positions is by -3.4%, which amounts to -245,737 shares. Short positions are 13% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Five Below (NASDAQ:FIVE): The stock opened at $47.84 on Wednesday but the bulls could not build on the opening and the stock topped out at $48.10 for the day. The stock traded down to $46.85 during the day, due to lack of any buying support eventually closed down at $47.14 with a loss of -2.10% for the day. The stock had closed at $48.15 on the previous day. The total traded volume was 884,049 shares.
In a related news, The Securities and Exchange Commission has divulged that Bull Kenneth R, officer (CFO & Treas.) of Five Below, Inc, had unloaded 34,600 shares at an average price of $45.06 in a transaction dated on June 8, 2016. The total value of the transaction was worth $1,559,076.
Five Below, Inc. (Five Below) is a specialty retailer offering a range of merchandise for teen and pre-teen customer. The Company offers a range of products, all priced at five dollars and below, including select brands and licensed merchandise across a range of categories, including Style, Room, Sports, Tech, Crafts, Party, Candy and Now. The Company operates 366 locations across 21 states. The Companys stores have over 4,000 stock-keeping units (SKUs) across a range of categories. The Companys product groups include leisure, fashion and home, and party and snack. Leisure includes items, such as sporting goods, games, toys, tech, books, electronic accessories, and arts and crafts. Fashion and home includes items, such as personal accessories, attitude t-shirts, beauty offerings, home goods and storage options. Party and snack includes items, such as party and seasonal goods, greeting cards, candy and other snacks, and beverages.