Zoetis (NYSE:ZTS) reported a drop of 19.6% or 1,332,675 shares in its short interest. The short figure came in at 1.1% of the total floats. The average daily volume of 2,685,399 shares suggests that the days to cover 5,459,907 short positions, as on June 15,2016, will be 2. On May 31,2016, the short interest was 6,792,582 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Zoetis (NYSE:ZTS): The stock opened at $46.23 on Friday but the bulls could not build on the opening and the stock topped out at $47.36 for the day. The stock traded down to $46.18 during the day, due to lack of any buying support eventually closed down at $46.51 with a loss of -2.90% for the day. The stock had closed at $47.90 on the previous day. The total traded volume was 6,423,664 shares.
The company shares have dropped -1.19% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $50.39 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $47.18 and the 200 Day Moving Average price is recorded at $45.12.
Stocks of Zoetis (NYSE:ZTS) rallied by 0.15% during the past week but lost 1.42% on a 4-week basis. In the past week, the company has outperformed the S&P 500 by 1.81% and the outperformance has advanced to 1.56% for the last 4 weeks period.
Zoetis Inc. is engaged in the discovery, development, manufacture and commercialization of animal health medicines and vaccines, with a focus on both livestock and companion animals. The Company markets products across four regions: the United States, Europe/Africa/Middle East, Canada/Latin America and Asia/Pacific; eight species: the livestock species of cattle, swine, poultry, sheep and fish, and the companion animal species of dogs, cats and horses, and five product categories: anti-infectives, vaccines, parasiticides, medicated feed additives and other pharmaceutical products. In addition, its Client Supply Services (CSS) organization provides contract manufacturing services to third parties.