Short Interest Update on The Cheesecake Factory Incorporated (CAKE)

The Cheesecake Factory Incorporated (CAKE) has 5,836,619 shares of shorts outstanding as on August 15, 2016, with 7 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 5,887,479 shares. The stock has a decent trading volume of 782,189 shares daily. The marginal decrease in the short positions is by -0.9%, which amounts to -50,860 shares. Short positions are 12.9% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

The Cheesecake Factory Incorporated (NASDAQ:CAKE): The stock opened at $52.69 on Wednesday but the bulls could not build on the opening and the stock topped out at $52.85 for the day. The stock traded down to $52.39 during the day, due to lack of any buying support eventually closed down at $52.47 with a loss of -0.10% for the day. The stock had closed at $52.52 on the previous day. The total traded volume was 432,796 shares.


In a related news, Benn Doug, officer (Exec VP, CFO) of Cheesecake Factory Inc, unloaded 6,512 shares at an average price of $52.98 on July 22, 2016. The total amount of the transaction was worth $345,006, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

The Cheesecake Factory Incorporated is engaged in the restaurant and bakery business. The Company operates approximately 189 Company-owned restaurants: 177 under The Cheesecake Factory mark, 11 under the Grand Lux Cafe mark and one under the RockSugar Pan Asian Kitchen mark. It also operates two bakery production facilities, which produce desserts for its restaurants, international licensees and third-party bakery customers. The Company sells baked goods internationally under both The Cheesecake Factory and The Dream Factory brands in 24 countries, including to licensed The Cheesecake Factory restaurants. Items produced for outside accounts are marketed under The Cheesecake Factory brand, The Dream Factory brand, The Cheesecake Factory Bakery brand and other private labels.

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