Short Interest Update on Guess? (GES)

Guess? (GES) : The short interest in Guess? (GES) has increased from 6,568,620 to 6,765,209 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 743,059 shares are traded daily in the stock and only 9 days are left for the shorts to cover. The short open interest is 11.3% of the total shares in the hands of the public. The shorts in the stock have gone up by 196,589 shares, which is an increase of 3% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

Guess? (NYSE:GES): The stock opened at $15.48 on Wednesday but the bulls could not build on the opening and the stock topped out at $15.59 for the day. The stock traded down to $14.77 during the day, due to lack of any buying support eventually closed down at $14.90 with a loss of -6.23% for the day. The stock had closed at $15.89 on the previous day. The total traded volume was 3,808,498 shares.


In a related news, The Securities and Exchange Commission has divulged that Chidoni Anthony, director of Guess Inc, had unloaded 4,000 shares at an average price of $15.54 in a transaction dated on July 15, 2016. The total value of the transaction was worth $62,160.

Guess?, Inc. (GUESS?) designs, markets, distributes and licenses a collection of apparel and accessories for men, women and children. GUESS? operates through five segments: North American Retail, Europe, Asia, North American Wholesale and Licensing. The North American Retail segment includes the Companys retail and e-commerce operations in North America, and its retail operations in Central and South America. The Europe segment includes its wholesale, retail and e-commerce operations in Europe and the Middle East. The Asia segment includes its wholesale, retail and e-commerce operations in Asia. The North American Wholesale segment includes its wholesale operations in North America, and Central and South America. The Licensing segment includes the Companys licensing operations around the world. The Companys apparel is marketed under various trademarks, including GUESS, GUESS?, GUESS U.S.A., GUESS Jeans, MARCIANO, GUESS Kids, Baby GUESS, YES, G by GUESS, GUESS by MARCIANO and Gc.

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