Mondelez International (NASDAQ:MDLZ) has shown a drop of 0.9% or 114,344 shares in the short positions. The bets have increased to 12,253,433 shares on June 15,2016 from 12,367,777 shares on May 31,2016. With respect to the floated shares, the shorts are 0.8%. The days to cover are calculated to be 2, using the standard per day volume of 5,765,735 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Mondelez International (NASDAQ:MDLZ): The stock opened at $42.77 on Friday but the bulls could not build on the opening and the stock topped out at $43.68 for the day. The stock traded down to $41.82 during the day, due to lack of any buying support eventually closed down at $42.27 with a loss of -5.75% for the day. The stock had closed at $44.85 on the previous day. The total traded volume was 22,314,471 shares.
The company shares have rallied 3.50% from its 1 Year high price. On Aug 6, 2015, the shares registered one year high at $48.58 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $44.31 and the 200 Day Moving Average price is recorded at $42.44.
Mondelez International (NASDAQ:MDLZ) has tumbled 4.02% during the past week and has dropped 5.61% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.43%. Mondelez International (NASDAQ:MDLZ) has underperformed the index by 2.75% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Mondelez International, Inc. is a snack food and beverage company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company offers its brands in five product categories: biscuits (including cookies, crackers and salted snacks); chocolate; gum and candy; beverages (including coffee and powdered beverages), and cheese and grocery. It has a portfolio of around 58 brands, which include nine billion dollar brands: LU, Nabisco and Oreo biscuits; Cadbury, Cadbury Dairy Milk and Milka chocolates; Trident gum, and Jacobs coffee and Tang powdered beverages. It has operations in Latin America, Asia Pacific, Eastern Europe, Middle East, and Africa (EEMEA), Europe and North America. The Companys products are sold to supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores and other retail food outlets.