Central Garden & Pet¡¯s short interest drops 6.2%

Central Garden & Pet Co.’s short figure has dropped 6.2%, or 82,022 shares, taking it from 1,314,372 on January 30, 2015, to 1,232,350 on February 13, 2015.

In terms of floated shares, the short interest was calculated to be 3.7%. The days to cover are 6 given that the daily volume averaged 195,059 shares.

The short interest has registered a change of -3.4% for the month. The total shorted shares measure up to 0.025 times the outstanding shares. Over the preceding 3 months, short interest has changed to -1.52%. The company has a short ratio of 7.46. A low ratio indicates that the short interest is still on the lower end while a high ratio represents aggressive short positions. The daily volume has averaged 151,190 shares in the last 20 days. The volume in the preceding 20 trading sessions has been calculated at 0.3% of the total outstanding shares.

Shares of Central Garden & Pet ended the trading session with a loss of 0.09 points or 0.92% at $9.68. The shares had previously closed at $9.77. Shares have dropped 0.41% during the last week of February, however, the bigger picture is still very bullish; the shares have posted positive gains of 6.37% in the past four weeks. The counter has underperformed the S&P 500 by 0.14% during the past week but Central Garden & Pet has outperformed the index in four weeks by 0.84%.