Intuit June 15th Short Interest Update

The short interest in Intuit (NASDAQ:INTU) has declined from 5,415,256 on May 31,2016 to 5,200,588 on June 15,2016. The change was measured at 214,668 shares or 4%. The leftover shorts were 2.1% of the floated shares. The days to cover are 4, given the average daily volume of 1,340,621 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Intuit (NASDAQ:INTU): The stock opened at $103.86 on Friday but the bulls could not build on the opening and the stock topped out at $106.48 for the day. The stock traded down to $103.60 during the day, due to lack of any buying support eventually closed down at $105.33 with a loss of -3.32% for the day. The stock had closed at $108.95 on the previous day. The total traded volume was 5,050,305 shares.

The company shares have rallied 4.27% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $108.95 and the one year low was seen on Aug 25, 2015. The 50-Day Moving Average price is $105.43 and the 200 Day Moving Average price is recorded at $100.06.

Intuit (NASDAQ:INTU) has tumbled 0.03% during the past week and has dropped 2.37% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 1.63% and the outperformance has advanced to 0.58% for the last 4 weeks period.

Intuit Inc. is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company operates through three segments: Small Business, Consumer Tax and Professional Tax. The Company operates in the United States, Canada, India, the United Kingdom, Singapore and Australia, among others. The Companys Small Business segment solutions include QuickBooks Online, Online Payroll solutions, Online Payments solutions and Intuit Developer Group. The Companys Small Business Desktop Ecosystem solutions include QuickBooks, Desktop Payroll Solutions, Desktop Payments solutions, QuickBooks Technical Support and financial supplies. The Consumer Tax segment offers tax return preparation offerings, electronic filing and other services, and Intuit Tax Freedom Project. The Companys professional tax offerings include Lacerte and ProSeries.

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