10 Updates

Short Interest In Sysco Drops 39%

Dec 26 2013, 10:39am CST | by

The most recent short interest data has been released by the NASDAQ for the 12/13/2013 settlement date, which shows a 17,565,574 share decrease in total short interest for Sysco Corp. (NYSE: SYY ),...

Filed under: news

 
 
 

29 weeks ago

Short Interest In Sysco Drops 39%

Dec 26 2013, 10:39am CST | by

The most recent short interest data has been released by the NASDAQ for the 12/13/2013 settlement date, which shows a 17,565,574 share decrease in total short interest for Sysco Corp. (NYSE: SYY ), to 27,552,373, a decrease of 38.93% since 11/29/2013. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the “days to cover” metric because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. Average daily volume for SYY at the 12/13/2013 settlement increased to 12,780,545, as compared to 2,552,842 at the 11/29/2013 report. That brought “days to cover” down to 2.16, a 87.80% decrease from the 17.67 days to cover calculated at the previous short interest data release.

Start slideshow:
Top 25 S.A.F.E. Dividend Stocks »/>

The below chart shows the historical “days to cover” for SYY at previous short interest release dates:

A decreased “days to cover” value could indicate that short sellers are no longer expecting the same decline in stock price they once were, or it could also indicate a long bet elsewhere was closed where SYY had been shorted as a hedge.

The chart below shows the one year performance of SYY shares, versus its 200 day moving average. Looking at this chart, SYY’s low point in its 52 week range is $30.55 per share, with $43.40 as the 52 week high point — that compares with a last trade of $36.52.

According to the ETF Finder at ETFChannel.com, SYY makes up 5.33% of the Wide Moat ETF (MOAT) which is lower by about 0.1% on the day Thursday.

See what other ETFs contain one »
In afternoon trading Thursday, SYY was trading flat on the day./>

Source: Forbes Business

 
Update
10

6 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

Cambodia's Famous Battambang Circus
KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakyat was ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

6 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

Australia A v CA NPS
KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

6 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

The Prince Of Wales Visits The Royal International Air Tattoo
KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rej ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

6 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

6 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

INDIA-CHINA-DIPLOMACY-TRADE
PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in th ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

6 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

Government Weekly Cabinet Meeting
KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 million in compens ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

6 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datu ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

6 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

Iskandar Johor Open - Previews
JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an allocation of RM20 ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

6 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

EurAsia Cup presented by DRB-HICOM - Day One
PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Bazaar S ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

6 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

China seals McDonald's, KFC supplies after scandal
Beijing, July 22 (IANS) Authorities in China have rushed to seal up suspicious meat products in fast food chains, including McDonald's and KFC, after one of their suppliers was accused of selling stale meat.
 
 
Rotten meat scandal in China hits Starbucks
Beijing, July 22 (IANS/EFE) The US coffee chain Starbucks has withdrawn some of its sandwiches from its stores in China following a scandal affecting one of its meat suppliers, Shanghai Husi Food Co., which was shut down by authorities for selling expired meat.
 
 
Condom that neutralises HIV virus gets clearance
Sydney, July 22 (IANS/EFE) Australian authorities have approved a condom developed in the country which contains a substance that destroys AIDS-causing HIV and other sexually transmitted viruses almost entirely, media reported Tuesday.
 
 
Are Disney movies behind failed relationships?
London, July 22 (IANS) Love watching Disney romantic movies? You may be suffering from "Disney complexes" that may eventually mar your romantic life.
 
 
 

Latest from the Network

UN agency makes emergency appeal for Gaza refugees
United Nations, July 22 (IANS/WAM) The UN agency assisting Palestinian refugees has issued an emergency appeal for $60 million to respond to the urgent humanitarian needs of the people of Gaza, including tens of...
Read more on Politics Balla
 
China Auto Update: 2014 First Half
Despite a slowing economy, China’s auto industry sales were strong during the first six months of the year. Passenger car sales registered a double-digit increase of 11 percent to 9.6 million units during the period as...
Read more on Auto Balla
 
Skye McCole may have died of seizure: Theory
Los Angeles, July 22 (IANS) "The Patriot" fame actress Skye McCole Bartusiak died last week and it is assumed that she could have died of seizure. Bartusiak was declared dead July 20, but the reason for the...
Read more on Celebrity Balla
 
Anderson hearing Aug 1
Dubai, July 22 (IANS) The International Cricket Council (ICC) confirmed that Judicial Commissioner Gordon Lewis will hold the hearing of England fast bowler James Anderson via video-conference Aug 1. Lewis made the...
Read more on Sport Balla
 
MH17 crash: Accusations against Russia groundless, says diplomat
Kuala Lumpur, July 22 (IANS) Russian Ambassador to Malaysia Lyudmila G. Vorobyeva Tuesday dismissed as groundless accusations of Russia's involvement in the Malaysian passenger plane crash in Ukraine. She told a press...
Read more on Politics Balla
 
Earnings Preview: China Growth to Drive GM's Earnings
General Motors is scheduled to announce its Q2 FY14 earnings on July 24. In the first quarter, GM’s earnings were down on account of high expenses related to car recalls and unfavorable currency translations. However, a...
Read more on Auto Balla
 
Israeli soldier confirmed missing, toll in Gaza 584
Jerusalem/Gaza, July 22 (IANS/EFE) The Israeli Defence Forces (IDF) confirmed Tuesday that a soldier had gone missing in action during its two-week air, naval and ground offensive in Gaza, which has so far claimed the...
Read more on Politics Balla
 
Ishant, Bhuvneshwar, Vijay rise in ICC rankings
Dubai, July 22 (IANS) India's 95-run win over England at Lord's Monday, only their second at the 'home of cricket' in 82 years, has seen their youngsters make noticeable improvements in the ICC Test player rankings....
Read more on Sport Balla
 
Misplaced jacket forces gold medallist shooter out of CWG
London, July 22 (IANS) Malaysia suffered a huge blow as its Commonwealth Games shooting gold medallist Nur Ayuni Farhana Abdul Halim was not allowed to compete in Glasgow Games as her jacket was lost en route to...
Read more on Sport Balla
 
Ukraine welcomes UN resolution on MH17 disaster
Kiev, July 22 (IANS) The Ukrainian foreign ministry Tuesday welcomed the UN resolution on the Malaysia Airlines flight MH17 disaster, demanding ceasefire at the crash site and independent investigation into the...
Read more on Politics Balla