Is Buying Sleep Number Corporation (NASDAQ:SNBR) Here Good Idea?

The stock of Sleep Number Corporation (NASDAQ:SNBR) registered an increase of 1.43% in short interest. SNBR’s total short interest was 7.09M shares in May as published by FINRA. Its up 1.43% from 6.99M shares, reported previously. With 998,500 shares average volume, it will take short sellers 7 days to cover their SNBR’s short positions. The short interest to Sleep Number Corporation’s float is 21.9%.

The stock increased 1.25% or $0.42 during the last trading session, reaching $34.11. About 342,769 shares traded. Sleep Number Corporation (NASDAQ:SNBR) has risen 33.14% since May 15, 2018 and is uptrending. It has outperformed by 28.77% the S&P500.

Select Comfort Corporation, together with its subsidiaries, provides sleep solutions and services in the United States. The company has market cap of $1.03 billion. It designs, makes, markets, retails, and services beds and bedding accessories, such as mattresses, adjustable bases, pillows, sheets, and other bedding products. It has a 15.72 P/E ratio. The firm sells its products directly to clients through retail, online, and phone, as well as through wholesale.

More notable recent Sleep Number Corporation (NASDAQ:SNBR) news were published by: Finance.Yahoo.com which released: “Should You Be Concerned About Sleep Number Corporation’s (NASDAQ:SNBR) Historical Volatility? – Yahoo Finance” on May 13, 2019, also Nasdaq.com with their article: “Consumer Sector Update for 04/18/2019: PIR, SNBR, SKX, WMT, MCD, DIS, CVS, KO – Nasdaq” published on April 18, 2019, Gurufocus.com published: “US Market Indexes Close Lower Wednesday – GuruFocus.com” on April 17, 2019. More interesting news about Sleep Number Corporation (NASDAQ:SNBR) were released by: Gurufocus.com and their article: “May 13, 2019 – State of Tennessee, Treasury Department Buys Royal Bank of Canada, Southwest Airlines Co, Concho Resources Inc, Sells Merck Inc, Abbott Laboratories, Walmart Inc – GuruFocus.com” published on May 13, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is Mr. Cooper Group Inc. (COOP) A Good Stock To Buy? – Yahoo Finance” with publication date: May 03, 2019.

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