SolarCity Corporation June 15th Short Interest Update

SolarCity Corporation (NASDAQ:SCTY) encountered a rise of 4.3% or 1,132,641 shares in the short positions. The number escalated from 26,078,672 on May 31,2016 to 27,211,313 on June 15,2016. The final interest is 42.7% of the floated stock. The days to cover figure of 6 can be arrived using the average daily exchange of 4,840,679 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

SolarCity Corporation (NASDAQ:SCTY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.60 and $20.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.20, notching a gain of 1.00% for the day. The total traded volume was 8,242,091 . The stock had closed at $21.98 on the previous day.

The company shares have dropped -58.33% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $61.72 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $21.59 and the 200 Day Moving Average price is recorded at $29.19.

Stocks of SolarCity Corporation (NASDAQ:SCTY) rallied by 4.13% during the past week but lost 0.27% on a 4-week basis. In the past week, the company has outperformed the S&P 500 by 5.86% and the outperformance has advanced to 2.75% for the last 4 weeks period.

SolarCity Corporation (SolarCity) sells renewable energy. The Company integrates the sales, engineering, installation, monitoring, maintenance and financing of its distributed solar energy systems. It offers long-term energy solutions to residential, commercial and government customers. It offers its customers the option to either purchase and own solar energy systems or to purchase the energy that its solar energy systems produce through various contractual arrangements. The Companys products, services and technologies include solar energy systems, customer agreements, grid control / energy storage systems, Zep solar mounting systems and software. The Companys wholly owned subsidiary, Zep Solar, Inc. (Zep Solar) licenses its Zep Groove technology to photovoltaic module and power electronics manufacturers, and supplies the Company with complementary mounting and grounding hardware. The Company served customers in 15 states and the District of Columbia, United States.

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