Mar 4, 2016

Posted by in Stock Reports | 0 Comments

Three Significant Small-Cap Short Interest Moves To Analyze: Select Comfort Corporation (SCSS), Eclipse Resources Corporation (ECR), The Container Store Group, Inc. (TCS)

Three Significant Small-Cap Short Interest Moves To Analyze: Select Comfort Corporation (SCSS), Eclipse Resources Corporation (ECR), The Container Store Group, Inc. (TCS)

Short Interest is the total number of shares of stock currently sold short in the market. Some technicians interpret high levels of short interest as bullish, some as bearish. The bullish perspective is that, because all short sales must be covered (i.e. short-sellers eventually must purchase shares to return the ones they have borrowed), short interest represents latent future demand for the stocks. As short sales are covered, the demand created by the share purchase will force prices up. The bearish interpretation of short interest is based on the fact that short-sellers tend to be larger, more sophisticated investors.

Accordingly, increased short interest reflects bearish sentiment by those investors in the know which would be a negative signal of the market’s prospects. Investors with brokerage accounts will often leave credit balances in those accounts when they plan to invest in the near future. Thus, credit balances may be viewed as measuring the potential for new stock purchases. As a result, a buildup of balances is viewed as a bullish indicator for the market.

As of 12/02/2016 short interest for Select Comfort Corporation (SCSS) stood at 3724639 shares, an increase of 392312 shares or 10.53 percent compared to 3332327 shares on 29/01/2016. This short interest comprises 7 percent of the entire float. Short interest ratio now stands at 2.16 at the average volume of 1722587 shares.

According to the latest short-interest data for the two-week period ended 12/02/2016 short interest for the stock of Eclipse Resources Corporation (ECR) increased from 10076909 shares at the end of the settlement date of 29/01/2016 to 10882018 shares, marking a growth of 805109 shares or 7.4 percent. The current short interest accounts for 4.89 percent of the company’s total outstanding common shares and the days-to-cover short interest ratio, on the other hand, is 18.176442 as of 12/02/2016 assuming average daily trading volume of 598688 shares.

Short interest for the shares of The Container Store Group, Inc. (TCS) fell -0.36 percent from 4886592 shares on 29/01/2016 to 4869143 shares on 12/02/2016. Investors have taken short positions on 11 percent of the total common shares of the stock that are floating on the exchange. The days-to-cover short interest ratio is now at 14.799422 days. It is based on average daily trading volume of 329009 shares.

 

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