Autodesk (NASDAQ:ADSK) has shown a rise of 1.4% or 125,606 shares in the short positions. The bets have increased to 9,034,313 shares on June 15,2016 from 8,908,707 shares on May 31,2016. With respect to the floated shares, the shorts are 4%. The days to cover are calculated to be 7, using the standard per day volume of 1,278,743 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Autodesk (NASDAQ:ADSK): The stock opened at $56.01 on Friday but the bulls could not build on the opening and the stock topped out at $56.67 for the day. The stock traded down to $53.85 during the day, due to lack of any buying support eventually closed down at $54.04 with a loss of -8.50% for the day. The stock had closed at $59.06 on the previous day. The total traded volume was 4,567,322 shares.
The company shares have rallied 7.20% from its 1 Year high price. On Dec 4, 2015, the shares registered one year high at $65.78 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $57.82 and the 200 Day Moving Average price is recorded at $55.96.
Autodesk (NASDAQ:ADSK) has tumbled 4.66% during the past week and has dropped 8.93% 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 3.08%. Autodesk (NASDAQ:ADSK) has underperformed the index by 6.18% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Autodesk, Inc. (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries. The Company operates in four segments: Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E). The PSEB, AEC and MFG segments offer a range of services, including consulting, support and training. The M&E segment offers software products to creative professionals, post-production facilities and broadcasters for a variety of applications, including feature films, television programs, commercials, music and corporate videos, interactive game production, Web design and interactive Web streaming.