Short Interest in Reformation Inc. (NYSE:REF) Rises By ∞

Reformation Inc. (NYSE:REF) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 355,460 shares, a growth of ∞ from the July 15th total of 0 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 624,004 shares, the short-interest ratio is presently 0.6 days.

Reformation Trading Up 2.1%

Shares of REF stock opened at $15.88 on Tuesday. Reformation has a fifty-two week low of $14.70 and a fifty-two week high of $17.26.

Analysts Set New Price Targets

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

Insider Activity

In other Reformation news, major shareholder Scsp Refo sold 2,987,199 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 29,091,749 shares in the company, valued at approximately $405,829,898.55. The trade was a 9.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Yael Aflalo sold 1,204,029 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was 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 of the company’s stock, valued at approximately $163,574,951.85. This represents a 9.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Reformation Company Profile

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