Short Interest Update on Steven Madden Ltd. (SHOO)

Steven Madden Ltd. (SHOO) : The short interest in Steven Madden Ltd. (SHOO) has increased from 2,762,695 to 2,887,508 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 724,492 shares are traded daily in the stock and only 4 days are left for the shorts to cover. The short open interest is 5.2% of the total shares in the hands of the public. The shorts in the stock have gone up by 124,813 shares, which is an increase of 4.5% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

Steven Madden Ltd. (NASDAQ:SHOO): The stock opened at $36.38 on Wednesday but the bulls could not build on the opening and the stock topped out at $36.44 for the day. The stock traded down to $35.69 during the day, due to lack of any buying support eventually closed down at $35.76 with a loss of -2.21% for the day. The stock had closed at $36.57 on the previous day. The total traded volume was 390,462 shares.


In a related news, The director, of Steven Madden, Ltd., Randall Richard P had unloaded 3,125 shares at $35.33 per share in a transaction on August 17, 2016. The total value of transaction was $110,406. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Steven Madden, Ltd. designs, sources, markets and sells name brand and private label footwear for women, men and children. It operates under five segments, which include Wholesale Footwear, Wholesale Accessories, Retail, First Cost and Licensing. Its brands include Madden Girl, Steve Madden Mens, Madden, Steven, Stevies and Steve Madden Kids, Betsey Johnson, Superga, FREEBIRD by Steve, Report, Mad Love, Dolce Vita and Brian Atwood. Its products are marketed through its retail stores and e-commerce Websites, as well as department stores, specialty stores, luxury retailers, value priced retailers, national chains, merchants and catalog retailers throughout the United States, Canada, Mexico and South Africa. In addition, it markets its products in Asia, Australia, Europe, India, the Middle East, South and Central America and New Zealand. The Companys subsidiaries include Steven Madden Retail, Inc. and BA Brand Holdings LLC, among others.

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