Short Interest Drops 13.2% For JCP

The most recent short interest data has been released by the NASDAQ for the 05/15/2014 settlement date, which shows a 12,036,259 share decrease in total short interest for J.C. Penney Co., Inc. (NYSE: JCP), to 78,856,913, a decrease of 13.24% since 04/30/2014. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volum...