The most recent short interest data has been released for the 03/15/2017 settlement date, which shows a 484,755 share decrease in total short interest for Fox Factory Holding Corp (FOXF - Get Report), to 1,477,265, a decrease of 24.71% since 02/28/2017. 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 FOXF at the 03/15/2017 settlement increased to 596,472, as compared to 149,471 at the 02/28/2017 report. That brought "days to cover" down to 2.48, a 81.13% decrease from the 13.13 days to cover calculated at the previous short interest data release.The below chart shows the historical "days to cover" for FOXF 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 FOXF had been shorted as a hedge. The chart below shows the one year performance of FOXF shares, versus its 200 day moving average. Looking at this chart, FOXF's low point in its 52 week range is $15.18 per share, with $30.15 as the 52 week high point — that compares with a last trade of $28.30.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Stocks
Charles Schwab Shares Pop on Second-Quarter Earnings and Revenue Beat
Clients opened almost 400,000 accounts in Q2, bringing the total at the firm to 12 million.
Complacent Market Players Keep It Chill -- as Sparks Fly All 'Round
It is still a surprisingly sedate market, despite indexes sitting close to all-time highs, earnings season, possible interest-rate cuts and endless speculation about China trade.
Domino's Drops as Second-Quarter Revenues Miss Estimates
The world's top pizza chain earned $2.19 per share in the quarter versus expectations for $1.78. But total sales came in short of expectations.
Dow Ends Lower; Stocks Slip as Trump Fans China Trade Worries
The Dow ends down after reaching an intraday day Tuesday as President Trump says the U.S. and China have `a long way to go' before reaching a trade agreement.