Microsoft Corporation (NASDAQ:MSFT), A reduction of 2,765,389 shares or 6.4% was observed in the short interest of Microsoft Corporation The interest on June 15,2016 came in at 40,241,092 shares and as per the average daily trading of 30,683,839 shares, the days to cover are 1. The reduced interest is 0.5% of the floated shares. The data of May 31,2016 put the interest at 43,006,481 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Microsoft Corporation (NASDAQ:MSFT): The stock opened at $49.81 on Friday but the bulls could not build on the opening and the stock topped out at $50.94 for the day. The stock traded down to $49.52 during the day, due to lack of any buying support eventually closed down at $49.83 with a loss of -4.01% for the day. The stock had closed at $51.91 on the previous day. The total traded volume was 133,502,985 shares.
The company shares have rallied 12.31% from its 1 Year high price. On Dec 29, 2015, the shares registered one year high at $56.85 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $51.17 and the 200 Day Moving Average price is recorded at $52.65.
Microsoft Corporation (NASDAQ:MSFT) has tumbled 0.6% during the past week and has dropped 4.76% in the last 4 week period. The company has outperformed the S&P 500 by 1.05% in the past week but underperformed the index by 1.88% in the last 4 weeks.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services. The Company also designs and sells hardware, and delivers online advertising to the customers. The Company operates in five segments: Devices and Consumer (D&C) Licensing, D&C Hardware, D&C Other, Commercial Licensing, and Commercial Other. The Companys products include operating systems for computing devices, servers, phones, and other intelligent devices; server applications for distributed computing environments; productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. It also offers cloud-based solutions that provide customers with software, services and content over the Internet by way of shared computing resources located in centralized data centers. It provides consulting and product and solution support services.