Hanesbrands Inc (HBI) short interest is $663 million; 35.45 million shares shorted; 9.94% short interest % of float; 0.30% stock borrow fee (general collateral.) HBI is the second largest short in the U.S. Apparel, Accessories & Luxury Goods Sector.
HBI shares shorted declined by 2.4 million shares, -6.44%, for the week as its stock price rose by almost 5%. This short covering is a continuation of a trend that started in late January as HBI recovered from itās a year long low of $11.62 in late December 2018. HBI is up 61% in less than two months.
We are seeing continued short covering today and this added source of stock buying is helping HBIās tock price continue to hit year-to-date highs.
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Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Managing Director Predictive Analytics, S3 Partners, LLC
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