Activision Blizzard Inc June 15th Short Interest Update

Activision Blizzard Inc (NASDAQ:ATVI), A drop of 2,205,824 shares or 10.9% was seen in the short interest of Activision Blizzard, Inc. Even as the interest dropped from 20,306,751 shares on May 31,2016 to 18,100,927 shares on June 15,2016, the days to cover came in at 2. The updated interest stood at 2.6% of the stocks floats. The stock has seen an average daily volume of 11,422,118 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Activision Blizzard Inc (NASDAQ:ATVI): The stock opened at $37.50 on Friday but the bulls could not build on the opening and the stock topped out at $38.05 for the day. The stock traded down to $36.82 during the day, due to lack of any buying support eventually closed down at $36.98 with a loss of -4.98% for the day. The stock had closed at $38.92 on the previous day. The total traded volume was 23,589,159 shares.

The company shares have rallied 51.00% from its 1 Year high price. On May 27, 2016, the shares registered one year high at $39.99 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $38.23 and the 200 Day Moving Average price is recorded at $35.21.

Activision Blizzard Inc (NASDAQ:ATVI) has tumbled 2.89% during the past week and has dropped 6% 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 1.28%. Activision Blizzard Inc (NASDAQ:ATVI) has underperformed the index by 3.15% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Activision Blizzard, Inc. is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company offers games that operate on the Microsoft Corporation (Microsoft) Xbox One (Xbox One) and Xbox 360 (Xbox 360), Nintendo Co. Ltd. (Nintendo) Wii U (Wii U) and Wii (Wii), and Sony Computer Entertainment Inc. (Sony) PlayStation 4 (PS4) and PlayStation 3 (PS3) console systems. The Company also develops products spanning other genres, including first-person action, action/adventure, role-playing, simulation and strategy. It distributes interactive entertainment hardware and software products in Europe through its European distribution subsidiaries: Centresoft in the United Kingdom and NBG in Germany. The Companys operating segments include Activision Publishing, Inc. and its subsidiaries, Blizzard Entertainment, Inc. and its subsidiaries, and Activision Blizzard Distribution.

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