Sally Beauty Holdings (SBH) has 5,860,421 shares of shorts outstanding as on August 15, 2016, with 3 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 7,686,177 shares. The stock has a decent trading volume of 2,237,844 shares daily. The marginal decrease in the short positions is by -23.8%, which amounts to -1,825,756 shares. Short positions are 4% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Sally Beauty Holdings (NYSE:SBH): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.01 and $27.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.35, notching a gain of 1.11% for the day. The total traded volume was 2,112,997 . The stock had closed at $28.04 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Spinks Mark Gregory, officer (President-Beauty Systems Group) of Sally Beauty Holdings, Inc., had unloaded 6,492 shares at an average price of $26.37 in a transaction dated on August 8, 2016. The total value of the transaction was worth $171,194.
Sally Beauty Holdings, Inc. (Sally Beauty) is a retailer and distributor of beauty supplies. The Company operates in North America, South America and Europe. Sally Beauty operates through two business segments namely Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty provides its customers with a variety of third-party branded beauty supplies, including hair color products, hair care products, styling appliances, brushes, nail care products, ethnic products and beauty items. Sally Beauty Supply is an open-line distributor of professional beauty supplies in the United States. Sally beauty supply products are sold in shopping centers, grocery stores, mass merchants and home centers. BSG is a full-service distributor of beauty supplies in North America. BSG and Armstrong McCall stores provide beauty product SKUs that include hair color, hair care, skin and nail care, beauty sundries and electrical appliances. BSG stores are located in secondary strip shopping centers.