Reformation Inc. (NYSE:REF) Short Interest Update

Reformation Inc. (NYSE:REF) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 355,460 shares, an increase of ∞ from the July 15th total of 0 shares. Based on an average daily trading volume, of 624,004 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.6% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Reformation to a “hold” rating in a research note on Saturday, August 8th.

Reformation Stock Performance

Shares of NYSE:REF traded up $0.55 during trading on Friday, hitting $15.55. 159,223 shares of the company were exchanged, compared to its average volume of 1,110,882. Reformation has a 12-month low of $14.70 and a 12-month high of $17.26.

Insider Buying and Selling

In other Reformation news, major shareholder Scsp Refo sold 2,987,199 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $13.95, for a total transaction of $41,671,426.05. Following the completion of the transaction, the insider owned 29,091,749 shares in the company, valued at $405,829,898.55. The trade was a 9.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Yael Aflalo sold 1,204,029 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $13.95, for a total transaction of $16,796,204.55. Following the completion of the sale, the director directly owned 11,725,803 shares in the company, valued at approximately $163,574,951.85. This represents a 9.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

About Reformation

Reformation Inc provide sustainable womenswear brand. Reformation Inc is based in LOS ANGELES.