Violin Memory (NYSE:VMEM) encountered a drop of 3.3% or -375,492 shares in the short positions. The number dropped from 11,381,054 on May 31,2016 to 11,005,562 on June 15,2016. The final interest is 14.6% of the floated stock. The days to cover figure of 7 can be arrived using the average daily exchange of 1,659,816 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Violin Memory (NYSE:VMEM): The stock opened at $0.90 on Friday but the bulls could not build on the opening and the stock topped out at $0.98 for the day. The stock traded down to $0.81 during the day, due to lack of any buying support eventually closed down at $0.83 with a loss of -16.63% for the day. The stock had closed at $1.00 on the previous day. The total traded volume was 8,830,234 shares.
The company shares have dropped -67.83% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $2.72 and the one year low was seen on May 10, 2016. The 50-Day Moving Average price is $0.57 and the 200 Day Moving Average price is recorded at $0.65.
Violin Memory (NYSE:VMEM) has tumbled 5.55% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 97.95% in the last four weeks. The stocks have underperformed the S&P 500 by 3.99% during the past week but Violin Memory (NYSE:VMEM) it has outperformed the index in 4 weeks by 103.94%.
Violin Memory, Inc. has developed a new class of flash-based storage solutions that are designed to bring storage performance in-line with applications, servers and networks. The Companys Flash Storage Platform and All Flash Arrays are specifically designed at each level of the system architecture to leverage the inherent capabilities of flash memory and meet the sustained performance requirements of business-critical applications, virtualized environments and Big Data in the cloud and in enterprise data center. The Flash Storage Platform runs its Concerto OS 7, a single operating system with integrated continuous data protection, in-line block de-duplication and compression, stretch metro cluster and Logical Unit Number (LUN) mirroring, as well as its suite of other Enterprise Data Services.