Restoration Hardware Holdings (RH) : The short interest in Restoration Hardware Holdings (RH) has changed with an increase of 853,370 shares and the open interest is 8.7%. From 9,828,864 short positions on Jul 29, 2016, the shorts increased to 10,682,234 shares by August 15, 2016. There are 7 more days left for the expiry and the daily trading volume of the stock is 1,605,786 shares. The total interest of shorts is 28% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.
Restoration Hardware Holdings (NYSE:RH): The stock opened at $35.50 on Wednesday but the bulls could not build on the opening and the stock topped out at $35.95 for the day. The stock traded down to $33.50 during the day, due to lack of any buying support eventually closed down at $34.08 with a loss of -4.14% for the day. The stock had closed at $35.55 on the previous day. The total traded volume was 2,602,084 shares.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Restoration Hardware Holdings Inc, Friedman Gary G had purchased shares worth of $908,208 in a transaction dated on July 15, 2016. A total of 32,918 shares were purchased at a price of $27.59 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Restoration Hardware Holdings, Inc. (RH) is a holding company. The Company, together with its subsidiaries, is a luxury home furnishings retailer that offers various categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware and childrens furnishings. These products are sold through the Companys stores, catalogs and Websites. The Company operated a total of approximately 67 retail stores and over 17 outlet stores in approximately 29 states, the District of Columbia and Canada, and had sourcing operations in Shanghai and Hong Kong. The Companys retail stores are located primarily in upscale malls and street locations. The Company operates stores in Alabama, Arizona, California, Colorado, Connecticut, Florida, Massachusetts, Michigan, New York, Pennsylvania, Texas, Tennessee and British Columbia, among others. Its Websites, www.restorationhardware.com and www.rh.com, provide its customers to purchase its merchandise online.