EMC Corporation June 15th Short Interest Update

EMC Corporation (NYSE:EMC), A increase of 2,417,799 shares or 15.6% was observed in the short interest of EMC Corporation The interest on June 15,2016 came in at 17,902,969 shares and as per the average daily trading of 10,316,511 shares, the days to cover are 2. The increased interest is 0.9% of the floated shares. The data of May 31,2016 put the interest at 15,485,170 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

EMC Corporation (NYSE:EMC): The stock opened at $27.49 on Friday but the bulls could not build on the opening and the stock topped out at $27.60 for the day. The stock traded down to $27.29 during the day, due to lack of any buying support eventually closed down at $27.29 with a loss of -2.05% for the day. The stock had closed at $27.86 on the previous day. The total traded volume was 17,531,833 shares.

The company shares have rallied 5.00% from its 1 Year high price. On Oct 12, 2015, the shares registered one year high at $28.77 and the one year low was seen on Aug 25, 2015. The 50-Day Moving Average price is $27.63 and the 200 Day Moving Average price is recorded at $26.13.

EMC Corporation (NYSE:EMC) has tumbled 0.4% during the past week and has dropped 1.94% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 1.25% and the outperformance has advanced to 1.03% for the last 4 weeks period.

EMC Corporation (EMC) is a service provider to information technology (IT) operations to an as a service model (ITaaS). It develops, delivers and supports the IT industrys range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure, VMware Virtual Infrastructure and Pivotal. EMC Information Infrastructure business consists of three divisons: Information Storage, Enterprise Content Division and RSA Information Security. EMC Information Infrastructure provides a foundation for organizations to store, manage, protect, analyze and secure quantities of information. VMware develops and markets its product and service offerings within three main product groups: Software-Defined Data Center, Cloud Services and End-User Computing. Pivotals three offerings include the Pivotal Big Data Suite, Pivotal Labs and Pivotal Cloud Foundry.

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