Sinclair Broadcast Group (SBGI) has 6,887,871 shares of shorts outstanding as on August 15, 2016, with 8 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 6,915,013 shares. The stock has a decent trading volume of 897,917 shares daily. The marginal decrease in the short positions is by -0.4%, which amounts to -27,142 shares. Short positions are 10.2% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.
Sinclair Broadcast Group (NASDAQ:SBGI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.67 and $28.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.80, notching a gain of 0.63% for the day. The total traded volume was 688,110 . The stock had closed at $28.62 on the previous day.
In a related news, Faber Barry, officer (Exec. VP & General Counsel) of Sinclair Broadcast Group Inc, unloaded 14,417 shares at an average price of $32.86 on March 11, 2016. The total amount of the transaction was worth $473,743, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Sinclair Broadcast Group, Inc. is a television broadcasting company. The Company owns or provides certain programming, operating or sales services to various television stations in the United States. The Company owns and provides programming and operating services or provides sales services and other non-programming operating services pursuant to contracts to around 164 stations in 79 markets. These stations broadcast around 373 channels, including 211 channels affiliated with primary networks or program service providers comprising FOX (46), ABC (33), CBS (29), NBC (21), CW (44), MNT (33) and Univision (5). The other 162 channels broadcast programming from This TV, Me TV, GetTV, Grit, Weather Radar, Weather Nation, Live Well Network, Antenna TV, Bounce Network, Heartland and Retro TV, among others, and one channel broadcasts independent programming. The Company operates under broadcast segment. Its broadcast segment consists of all of its television stations.