Rent-A-Center (RCII) has 6,408,870 shares of shorts outstanding as on August 15, 2016, with 5 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 7,678,719 shares. The stock has a decent trading volume of 1,287,263 shares daily. The marginal decrease in the short positions is by -16.5%, which amounts to -1,269,849 shares. Short positions are 13.1% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Rent-A-Center (NASDAQ:RCII): The stock opened at $13.19 on Wednesday but the bulls could not build on the opening and the stock topped out at $13.19 for the day. The stock traded down to $12.75 during the day, due to lack of any buying support eventually closed down at $12.92 with a loss of -2.12% for the day. The stock had closed at $13.20 on the previous day. The total traded volume was 475,427 shares.
In a related news, Davis Robert Dale, CEO of Rent A Center Inc De, executed a transaction worth $108,700 on August 1, 2016. A total of 10,000 shares were purchased at an average price of $10.87. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Rent-A-Center, Inc. is a rent-to-own operator in North America. The Company provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers (including tablets and smartphones), furniture and accessories, under rental purchase agreements. The Company operates in four segments: Core U.S., Acceptance Now, Mexico, and Franchising. The Company offers brands, such as LG, Samsung, Sony, Toshiba and Vizio home electronics; Whirlpool appliances; Acer, Apple, Asus, Dell, Hewlett-Packard, Samsung, Sony and Toshiba computers and/or tablets; Samsung and HTC smartphones; and Albany, Ashley, England, Klaussner, Lane, Standard and Welton furniture. Consumer electronic products offered by its stores include high definition televisions and stereos, among others; appliances include refrigerators, freezers, washing machines, dryers and ranges; furniture products include dining room, living room and bedroom furniture and accessories include lamps and tables.