Fossil Group, Inc. 7% Senior Notes due 2026 (NASDAQ:FOSLL) Sees Large Drop in Short Interest

Posted by William Tyler on Jul 28th, 2024

Fossil Group, Inc. 7% Senior Notes due 2026 (NASDAQ:FOSLL – Get Free Report) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totalling 8,000 shares, a decline of 77.3% from the June 30th total of 35,300 shares. Based on an average daily trading volume, of 16,600 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Fossil Group, Inc. 7% Senior Notes due 2026

An institutional investor recently bought a new position in Fossil Group, Inc. 7% Senior Notes due 2026 stock. Cohanzick Management LLC bought a new stake in Fossil Group, Inc. 7% Senior Notes due 2026 (NASDAQ:FOSLL – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 338,530 shares of the company’s stock, valued at approximately $4,756,000. Fossil Group, Inc. 7% Senior Notes due 2026 makes up 2.9% of Cohanzick Management LLC’s holdings, making the stock its 5th biggest position.

Fossil Group, Inc. 7% Senior Notes due 2026 Stock Performance

Shares of Fossil Group, Inc. 7% Senior Notes due 2026 stock traded up $0.32 during trading on Friday, reaching $13.45. The stock had a trading volume of 4,979 shares, compared to its average volume of 14,640. Fossil Group, Inc. 7% Senior Notes due 2026 has a 52 week low of $9.00 and a 52 week high of $18.25. The stock has a fifty day moving average price of $12.53 and a two-hundred day moving average price of $11.70.

Fossil Group, Inc. 7% Senior Notes due 2026 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were given a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 13.01%. The ex-dividend date of this dividend was Tuesday, May 14th.

About Fossil Group, Inc. 7% Senior Notes due 2026

(Get Free Report)

fossil group, inc. is a global design, marketing, distribution and innovation company specializing in lifestyle accessories. under a diverse portfolio of owned and licensed brands, our offerings include fashion watches, jewelry, handbags, small leather goods and wearables. with our newest owned brand, misfit, we’re bringing style and technology to the high-growth connected space.