Staples, Inc. (NASDAQ:SPLS) Sees Heavy Trading Volume with 28,656K Shares Changing Hands


Trading was heavy with 28,656K shares changing hands by the end of trading on Friday. Overall, volume was up 363.74% over the stocks normal daily volume.

Traders are feeling more bearish on shares of Staples, Inc. recently if you take a look at the uptick in short interest. The stock recorded a rise in short interest of 23.14% between July 31, 2017 and August 15, 2017. Short interest increased 3,963,391 over that timeframe. With short interest at 21,087,866 and short average daily volume at 11,537,251, days to cover is 2.0 and the percentage of shorted shares is 0.03% as of August 15.

A few notable investment firms have updated their holdings. Cantab Capital Partners Llp reduced its investment by selling 62,101 shares a decrease of 69.1%. Cantab Capital Partners Llp currently owns 27,768 shares valued at $280,000,000. The total value of its holdings increased 35,433.0%. Brookstone Capital Management cut its position by shedding 13,254 shares a decrease of 2.0% from 03/31/2017 to 06/30/2017. Brookstone Capital Management claims 637,489 shares with a value of $6,420,000. The value of the position overall is up by 12.5%.

As of quarter end Vident Investment Advisory, LLC had bought a total of 4,673 shares growing its holdings by 1.8%. The value of the investment in (SPLS) increased from $2,287,000 to $2,673,000 a change of 16.9% quarter to quarter. As of the end of the quarter Next Financial Group, Inc had disposed of 37 shares trimming its stake by 19.8%. The value in dollars went from $2,000 to $2,000,000 a change of $1,998,000 since the last quarter.

The company is down from yesterday’s close of 10.24. Additionally Staples, Inc. declared a dividend for shareholders paid on Thursday the 13th of July 2017. The dividend payment was $0.120 per share for the quarter or $0.48 annualized. This dividend amount represented a yeild of $4.68. The ex-dividend date was set for Wednesday the 21st of June 2017.

Company shares last traded at $10.23 which is just a bit higher than the 50 day moving average which is $10.18 and just a bit higher than the 200 day moving average of $9.52. The 50 day moving average went up by +0.47% whereas the 200 day moving average was up $0.71 or +7.51%.

As of the latest earnings report the EPS was $-2.35 and is expected to be $0.87 for the current year with 656,713,000 shares now outstanding. Next quarter’s EPS is estimated at $0.25 and the next full year EPS is projected to be $0.85.

Staples, Inc. (Staples), launched on January 23, 1986, is a provider of products and services that serve the needs of business customers and consumers. The Company offers a range of print and marketing and technology services. The Business’s segments include North American Delivery, North American Retail and Other..