Short Interest Update on Panera Bread Company (PNRA)

Panera Bread Company (PNRA) : Traders are getting increasingly bearish on Panera Bread Company (PNRA), as can be seen in the addition of short positions from 2,396,248 on Jul 29, 2016, to 2,430,030 on August 15, 2016. The net change in shorts is 33,782 shares, an increase of 1.4%. 8 days remain before the expiry. The 10.9% 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 312,780. The short interest information was released on Wednesday Aug 24th after the market close.

Panera Bread Company (NASDAQ:PNRA): The stock opened at $217.95 on Wednesday but the bulls could not build on the opening and the stock topped out at $219.04 for the day. The stock traded down to $215.67 during the day, due to lack of any buying support eventually closed down at $215.90 with a loss of -0.96% for the day. The stock had closed at $217.99 on the previous day. The total traded volume was 229,885 shares.


In a related news, Wooldridge Mark D., officer (Controller) of Panera Bread Co, unloaded 164 shares at an average price of $222.18 on August 15, 2016. The total amount of the transaction was worth $36,438, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Panera Bread Company (Panera) is a food service provider. Panera is a national bakery-cafe concept with 1,880 Company-owned and franchise-operated bakery-cafe locations in 45 states, the District of Columbia, and Ontario, Canada. The Company operates through three segments: Company Bakery-Cafe Operations, Franchise Operations, and Fresh Dough and Other Product Operations. As of December 30, 2014, its Company bakery-cafe operations segment consisted of 925 Company-owned bakery-cafes and its franchise operations segment consisted of 955 franchise-operated bakery-cafes, located throughout the United States and in Ontario, Canada. As of December 30, 2014, its fresh dough and other product operations segment, which supplies fresh dough and other products daily to the Company-owned and franchise-operated bakery-cafes, consisted of 24 fresh dough facilities (22 Company-owned and two franchise-operated), located throughout the United States and one in Ontario, Canada.

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