It is trading at $13.20 significantly higher than $11.72, the 50 day moving average and significantly above the 200 day moving average of $10.87. The 50 day moving average was up by +12.64% and the 200 day average was up $2.33. Regis Corporation shares had a trading volume of 223K on Wednesday. Trading volume was down 17.78% under the stocks average daily volume.
Short traders are feeling a little more bearish on the company as indicated by the uptick in short interest. The firm saw a rise in short interest of 29.59% as of August 31, 2017 from the last reporting period. Short interest grew 773,909 over that period. With short interest at 3,389,779 and short average daily volume at 361,628, days to cover is 9.0 and the percentage of shorted shares is 0.07% as of August 31.
The following firms have recently changed their position in RGS. As of quarter end Two Sigma Advisers, Lp had bought 32,233 shares growing its position 22.8%. The value of the total investment in Regis Corporation increased from $1,659,000 to $1,784,000 a change of $125,000 since the last quarter. As of the end of the quarter Hutchin Hill Capital, Lp had acquired a total of 31,300 shares growing its stake by 228.5%. The value of the investment in (RGS) went from $161,000 to $462,000 a change of 187.0% quarter over quarter.
As of quarter end State Of Tennessee, Treasury Department had disposed of 2,905 shares trimming its holdings by 8.1%. The value of the investment in Regis Corporation went from $423,000 to $341,000 decreasing 19.4% for the reporting period. As of the end of the quarter Bw Gestao De Investimentos Ltda. had disposed of 13,483 shares trimming its position 29.8%. The value of the company’s investment in Regis Corporation decreased from $530,000 to $326,000 decreasing 38.5% quarter to quarter.
Jefferies issued its first research report on the stock with a rating of “Buy”.
Regis Corporation, launched on November 22, 1954, owns, franchises and operates beauty salons. The Company operates through three segments: North American Value, North American Premium and International. As of June 30, 2016, the Business’s North American Value salon operations consisted of 5,784 Company-owned salons and 2,496 franchised salons operating in the United States, Canada and Puerto Rico. As of June 30, 2016, the Business’s North American Premium salon operations consisted of 680 Company-owned salons operating in the United States, Canada, and Puerto Rico. As of June 30, 2016, the Business’s International operations consisted of 328 Company-owned salons in the United Kingdom. The services supplied by the Business’s salons include haircutting and styling (including shampooing and conditioning), hair coloring and other services. As of June 30, 2016, the Company owned, franchised or held ownership interests in 9,483 locations around the world. As of June 30, 2016, the Business’s locations consisted of 9,288 Company-owned and franchised salons, and 195 locations in which it maintained a non-controlling ownership interest..