Aramark Short Interest Up 53.1% in July (ARMK)
Shares of Aramark (NYSE:ARMK) were the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 786,986 shares, an increase of 53.1% from the July 15th total of 514,097 shares, American Banking News.com reports. Based on an average daily trading volume, of 481,192 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.8% of the company’s stock are sold short.
Shares of Aramark (NYSE:ARMK) opened at 26.50 on Wednesday. Aramark has a one year low of $20.10 and a one year high of $29.98. The stock’s 50-day moving average is $26.85 and its 200-day moving average is $27.24. The company has a market cap of $6.177 billion and a price-to-earnings ratio of 41.93.
Aramark, formerly ARAMARK Holdings Corporation, is a global provider of food, facilities and uniform services to education, healthcare, business and industry and sports, leisure and corrections clients.
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