Purple Innovation Inc (NASDAQ:PRPL) Sellers Increased By 36.9% Their Shorts

June 6, 2018 - By Kurt Siggers

The stock of Purple Innovation Inc (NASDAQ:PRPL) registered an increase of 36.9% in short interest. PRPL’s total short interest was 281,200 shares in June as published by FINRA. Its up 36.9% from 205,400 shares, reported previously. With 36,600 shares average volume, it will take short sellers 8 days to cover their PRPL’s short positions.

The stock decreased 1.30% or $0.1017 during the last trading session, reaching $7.6983. About 4,696 shares traded. Purple Innovation, Inc. (NASDAQ:PRPL) has declined 24.77% since June 6, 2017 and is downtrending. It has underperformed by 37.34% the S&P500.

Purple Innovation, Inc. designs and makes mattresses, pillows, and cushions. The company has market cap of $413.82 million. The firm markets and sells its products through direct-to-consumer and retail channels. It currently has negative earnings.

More notable recent Purple Innovation, Inc. (NASDAQ:PRPL) news were published by: Benzinga.com which released: “41 Biggest Movers From Yesterday” on May 17, 2018, also Prnewswire.com with their article: “Purple Mattress Company Brings Comfort Technology to Chicago Mattress Firm Locations” published on May 22, 2018, Prnewswire.com published: “Purple Innovation Reports First Quarter 2018 Results” on May 15, 2018. More interesting news about Purple Innovation, Inc. (NASDAQ:PRPL) were released by: Nasdaq.com and their article: “Mid-Afternoon Market Update: Blink Charging Rises After Q1 Results; Purple Innovation Shares Slide” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Purple Innovation’s (PRPL) CEO Terry Pearce on Q1 2018 Results – Earnings Call Transcript” with publication date: May 16, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: