Western Digital Corporation (NASDAQ:WDC) has seen a shortfall of 4,487,175 shares or 19.3% in the short interest. The remaining shorts are 6.8% of the total floated shares. The net short interest, as on June 15,2016, stood at 18,718,531 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 5,656,142 shares. On May 31,2016, 23,205,706 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Western Digital Corporation (NASDAQ:WDC): The stock opened at $48.19 on Friday but the bulls could not build on the opening and the stock topped out at $49.51 for the day. The stock traded down to $47.66 during the day, due to lack of any buying support eventually closed down at $47.84 with a loss of -5.85% for the day. The stock had closed at $50.81 on the previous day. The total traded volume was 7,480,833 shares.
The company shares have dropped -41.63% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $88.46 and the one year low was seen on May 16, 2016. The 50-Day Moving Average price is $43.83 and the 200 Day Moving Average price is recorded at $47.32.
Western Digital Corporation (NASDAQ:WDC) has climbed 2.68% in the past week and advanced 6.33% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.39% and the outperformance has advanced to 9.55% for the last 4 weeks period.
Western Digital Corporation, is a data storage solutions company. The Company is a developer, manufacturer and provider of data storage solutions that enable consumers, businesses, governments and other organizations to create, manage, experience and preserve digital content. The Companys Technology product includes: Hard Disk Drives and Solid-State Drives. Hard Disk Drives, provide non-volatile data storage. Solid-State Drives, are semiconductor and non-volatile media. The Company offers solutions including: Enterprise Storage Solutions, Client Desktop and Notebook PCs, Branded Product Solutions, Consumer Electronics Solutions. The Companys products are marketed under the HGST, WD and G-Technology brand names.