Short Interest Update on NutriSystem Inc (NTRI)

NutriSystem Inc (NTRI) has 1,870,330 shares of shorts outstanding as on August 15, 2016, with 8 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 2,195,804 shares. The stock has a decent trading volume of 225,071 shares daily. The marginal decrease in the short positions is by -14.8%, which amounts to -325,474 shares. Short positions are 6.5% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

NutriSystem Inc (NASDAQ:NTRI): The stock opened at $29.29 on Wednesday but the bulls could not build on the opening and the stock topped out at $29.33 for the day. The stock traded down to $29.02 during the day, due to lack of any buying support eventually closed down at $29.18 with a loss of -0.61% for the day. The stock had closed at $29.36 on the previous day. The total traded volume was 152,399 shares.


In a related news, Tierney Brian, director of Nutri System Inc /De/, unloaded 7,000 shares at an average price of $29.25 on August 16, 2016. The total amount of the transaction was worth $204,750, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Nutrisystem, Inc. (Nutrisystem) is a provider of weight management products and services, including nutritionally balanced weight loss programs, multi-day kits available at retail locations and digital tools to support weight loss. The Companys program customers purchase monthly food packages containing a 28-day supply of breakfasts, lunches, dinners, snacks and desserts, which they supplement with fresh fruits, vegetables and dairy. Its customers order on an auto-delivery basis (Auto-Delivery), where it sends a 28-day food supply on an ongoing basis until notified of a customers cancellation. It offers its pre-selected favorites food pack or personalized plans, where customers can hand pick their entire menu or customize plans to their dietary preference. The companys meal plans feature more than 150 menu options at different price points, including frozen and ready-to-go entrees, desserts, snacks and shakes.

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