Could Hrg Group Incorporated (NYSE:HRG) See a Reversal After Less Sellers Came In?

January 21, 2018 - By Louis Casey

 Could Hrg Group Incorporated (NYSE:HRG) See a Reversal After Less Sellers Came In?

The stock of Hrg Group Incorporated (NYSE:HRG) registered a decrease of 14.27% in short interest. HRG’s total short interest was 2.61M shares in January as published by FINRA. Its down 14.27% from 3.05M shares, reported previously. With 2.08 million shares average volume, it will take short sellers 1 days to cover their HRG’s short positions.

The stock increased 0.65% or $0.12 during the last trading session, reaching $18.59. About 2.02 million shares traded or 25.80% up from the average. HRG Group, Inc. (NYSE:HRG) has risen 28.87% since January 21, 2017 and is uptrending. It has outperformed by 12.17% the S&P500.

HRG Group, Inc., through its subsidiaries, provides various branded consumer products. The company has market cap of $3.69 billion. It operates through two divisions, Consumer Products and Insurance. It has a 35.08 P/E ratio. The Company’s product portfolio includes consumer batteries, such as alkaline and zinc carbon batteries, nickel metal hydride rechargeable batteries, battery chargers, battery-powered portable lighting products, hearing aid batteries, and other specialty battery products; small appliances comprising small kitchen appliances and home product appliances; and personal care products, such as electric shaving and grooming products, and other personal care products.

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