Foot Locker (FL) : Traders are getting increasingly bearish on Foot Locker (FL), as can be seen in the addition of short positions from 11,853,205 on Jul 29, 2016, to 12,137,697 on August 15, 2016. The net change in shorts is 284,492 shares, an increase of 2.4%. 6 days remain before the expiry. The 9.1% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 1,877,140. The short interest information was released on Wednesday Aug 24th after the market close.
Foot Locker (NYSE:FL): The stock opened at $68.31 on Wednesday but the bulls could not build on the opening and the stock topped out at $68.76 for the day. The stock traded down to $68.02 during the day, due to lack of any buying support eventually closed down at $68.22 with a loss of -0.32% for the day. The stock had closed at $68.44 on the previous day. The total traded volume was 1,738,443 shares.
In a related news, The director, of Foot Locker, Inc., Gilbert Jarobin Jr had unloaded 1,000 shares at $57.35 per share in a transaction on July 8, 2016. The total value of transaction was $57,350. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Foot Locker, Inc. is a retailer of shoes and apparel. The Company operates in two segments: Athletic Stores and Direct-to-Customers. The Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction and SIX:02, as well as the retail stores of Runners Point Group, including Runners Point and Sidestep. The Direct-to-Customers segment includes Footlocker.com, Inc. and other affiliates, including Eastbay, Inc., and the direct-to-customer subsidiary of Runners Point Group, which sell to customers through their Internet and mobile sites and catalogs. As of January 31, 2015, the Company operated 3,423 primarily mall-based stores in the United States, Canada, Europe, Australia and New Zealand. As of January 31, 2015, the Company operated a total of 78 franchised stores, of which 31 are in the Middle East, 27 in Germany and Switzerland, and 20 in the Republic of Korea.