Tapestry Inc (NYSE:TPR) Can’t Be More Risky. Short Interest Increased

October 13, 2018 - By Nellie Frank

The stock of Tapestry Inc (NYSE:TPR) registered an increase of 26.64% in short interest. TPR’s total short interest was 4.98 million shares in October as published by FINRA. Its up 26.64% from 3.93M shares, reported previously. With 2.44 million shares average volume, it will take short sellers 2 days to cover their TPR’s short positions. The short interest to Tapestry Inc’s float is 1.73%.

The stock increased 2.67% or $1.14 during the last trading session, reaching $43.82. About 3.96 million shares traded or 31.81% up from the average. Tapestry, Inc. (NYSE:TPR) has risen 22.41% since October 13, 2017 and is uptrending. It has outperformed by 6.79% the S&P500.

Tapestry, Inc. provides luxury accessories and lifestyle brands. The company has market cap of $12.69 billion. It offers handbags, wallets, money pieces, wristlets and cosmetic cases, key rings, and charms, as well as address books, time management accessories, sketchbooks, and portfolios for women; and business cases, computer bags, messenger-style bags, backpacks, totes, wallets, card cases, belts, sunglasses, watches, novelty accessories, and ready-to-wear for men. It has a 31.75 P/E ratio. The firm also provides footwear; seasonal lifestyle apparel collections, including outerwear and ready-to-wear, gloves, scarves, and hats; jewelry, such as bracelets, necklaces, rings, and earrings made with sterling silver, leather, and non-precious metals; sunglasses; watches; and fragrances comprising perfume sprays, toilette sprays, purse sprays, and body creams for women.

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