Apple (NASDAQ:AAPL) reported a drop of 36.9% or 36,775,085 shares in its short interest. The short figure came in at 1.2% of the total floats. The average daily volume of 29,282,511 shares suggests that the days to cover 62,924,036 short positions, as on June 15,2016, will be 2. On May 31,2016, the short interest was 99,699,121 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Apple (NASDAQ:AAPL): The stock opened at $92.91 on Friday but the bulls could not build on the opening and the stock topped out at $94.66 for the day. The stock traded down to $92.65 during the day, due to lack of any buying support eventually closed down at $93.40 with a loss of -2.81% for the day. The stock had closed at $96.10 on the previous day. The total traded volume was 75,311,356 shares.
The company shares have dropped -25.00% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $132.97 and the one year low was seen on May 12, 2016. The 50-Day Moving Average price is $96.24 and the 200 Day Moving Average price is recorded at $100.99.
Apple (NASDAQ:AAPL) has tumbled 2.02% during the past week and has dropped 6.93% 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 0.4%. Apple (NASDAQ:AAPL) has underperformed the index by 4.11% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Companys products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store. The Company distributes its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. In February 2012, the Company acquired app-search engine Chomp.