AT&T June 15th Short Interest Update

AT&T (NYSE:T) has seen a rise of 7,945,762 shares or 10.5% in the short interest. The remaining shorts are 1.4% of the total floated shares. The net short interest, as on June 15,2016, stood at 83,558,949 shares and the stocks days to cover will be 4 by factoring in the average per day volume of 19,136,650 shares. On May 31,2016, 75,613,187 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

AT&T (NYSE:T): The stock opened at $41.45 on Friday but the bulls could not build on the opening and the stock topped out at $42.23 for the day. The stock traded down to $41.30 during the day, due to lack of any buying support eventually closed down at $41.52 with a loss of -0.86% for the day. The stock had closed at $41.88 on the previous day. The total traded volume was 57,147,245 shares.

The company shares have rallied 16.07% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $42.23 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $39.60 and the 200 Day Moving Average price is recorded at $37.46.

AT&T (NYSE:T) has climbed 1.94% in the past week and advanced 6.49% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.63% and the outperformance has advanced to 9.71% for the last 4 weeks period.

AT&T Inc. is a holding company. The Company provides telecommunications services. Its services and products include wireless communications, data/broadband and Internet services, video services, local exchange services, long-distance services, telecommunications equipment, managed networking and wholesale services. Its segments include Wireless, Wireline and International. Its wireless subsidiaries provide both wireless voice and data communication services. The wireline subsidiaries provide landline data and voice communication services, AT&T U-verse broadband, video and voice services (U-verse) and managed networking. Its International segment uses the Iusacell and Unefon regional and national networks to provide wireless data and voice communication services. Its International segment also utilizes the networks of Nextel Mexico to provide similar services. Through its subsidiary, DIRECTV Group Holdings, LLC, it provides pay television in the United States and across the world.

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