Signet Jewelers Limited (SIG) : 8 days before expiry, shorts in Signet Jewelers Limited (SIG) have reduced from 8,539,156 on Jul 29, 2016, to 7,864,423 on August 15, 2016. On an average, 975,102 shares are traded on the exchange. The outstanding bearish positions are equal to 10.1% of the float. Short sellers have covered -674,733 shares, a reduction of -7.9%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Signet Jewelers Limited (NYSE:SIG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $94.74 and $94.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $96.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $95.50, notching a gain of 0.54% for the day. The total traded volume was 2,402,059 . The stock had closed at $94.99 on the previous day.
In a related news, Plaskett Thomas G, director of Signet Jewelers Ltd, executed a transaction worth $26,664 on July 22, 2016. A total of 300 shares were purchased at an average price of $88.88. 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.
Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company manages its business through four segments: the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment. The Other segment includes subsidiaries involved in purchasing and conversion of rough diamonds to polished stones and unallocated corporate administrative functions. The Company operates retail jewelry stores in real estate formats, including mall-based, free-standing, strip center and outlet store locations. The Company operated approximately 3,579 stores and kiosks across 4.8 million square feet of retail space.