Applied Materials June 15th Short Interest Update

Applied Materials (NASDAQ:AMAT), According to the latest information the short interest in Applied Materials, Inc. shot up by 6.1% or 938,996 shares. The final shorts are 1.5% of the total floated shares. The positions increased from 15,307,637 shares on May 31,2016 to 16,246,633 on June 15,2016. According to the per-day average trading of 12,826,247 shares, the days to cover are 1. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Applied Materials (NASDAQ:AMAT): The stock opened at $23.50 on Friday but the bulls could not build on the opening and the stock topped out at $23.96 for the day. The stock traded down to $23.15 during the day, due to lack of any buying support eventually closed down at $23.23 with a loss of -5.26% for the day. The stock had closed at $24.52 on the previous day. The total traded volume was 35,722,847 shares.

The company shares have rallied 20.93% from its 1 Year high price. On Jun 2, 2016, the shares registered one year high at $24.65 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $22.73 and the 200 Day Moving Average price is recorded at $19.92.

Applied Materials (NASDAQ:AMAT) has tumbled 0.85% during the past week and has dropped 4.95% in the last 4 week period. The company has outperformed the S&P 500 by 0.79% in the past week but underperformed the index by 2.07% in the last 4 weeks.

Applied Materials, Inc. (Applied) provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic (PV) and related industries. Applied operates in four segments: Silicon Systems Group, Applied Global Services, Display, and Energy and Environmental Solutions. The Silicon Systems Group segment develops, manufactures and sells manufacturing equipment used to fabricate semiconductor chips. The Applied Global Services segment encompasses services, products and integrated solutions to optimize equipment and fab performance and productivity. The Display Segment includes products for manufacturing liquid crystal displays, organic light-emitting diodes and other display technologies for televisions, personal computers, tablets, smartphones and other devices. The Energy and Environmental Solutions segment includes systems for manufacturing wafer-based crystalline silicon cells and modules.

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