J.C. Penny (JCP) Climbs as Shorts Take Profit
Tweet
Share
E-mailGet Alerts JCP Hot Sheet
Join SI Premium – FREE
Shares of J. C. Penney Company, Inc. (NYSE: JCP) climbed early on Thursday. The move came despite light volume and did not appear to be linked to news, which suggests some shorts are taking profits ahead of the July 4th holiday, say traders. A recent rally in the stock could also be creating a minor squeeze.
36.2 million shares of J.C. Penney are held short, or about 24.5% of the float. In the past 30 days, J.C. Penney has declined approximately 14%.
36.2 million shares of J.C. Penney are held short, or about 24.5% of the float. In the past 30 days, J.C. Penney has declined approximately 14%.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla readies August launch of CyberCab - The Information
- Trump approval at 33%, lowest of his presidency - Reuters/Ipsos
- Trump on North Korea's Kim Jong Un: he has responded to me
Create E-mail Alert Related Categories
Insiders' Blog, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
