CenturyLink (NYSE:CTL) has seen a rise of 866,674 shares or 1.7% in the short interest. The remaining shorts are 9.7% of the total floated shares. The net short interest, as on June 15,2016, stood at 52,840,887 shares and the stocks days to cover will be 10 by factoring in the average per day volume of 5,044,670 shares. On May 31,2016, 51,974,213 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
CenturyLink (NYSE:CTL): The stock opened at $27.96 on Friday but the bulls could not build on the opening and the stock topped out at $28.23 for the day. The stock traded down to $27.73 during the day, due to lack of any buying support eventually closed down at $27.93 with a loss of -2.07% for the day. The stock had closed at $28.52 on the previous day. The total traded volume was 7,198,691 shares.
The company shares have dropped -5.42% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $32.94 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $27.44 and the 200 Day Moving Average price is recorded at $28.24.
CenturyLink (NYSE:CTL) has climbed 1.71% in the past week and advanced 4.18% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.4% and the outperformance has advanced to 7.33% for the last 4 weeks period.
CenturyLink, Inc. is an integrated communications company. The Company is engaged in providing an array of communications services to residential, business, governmental and wholesale customers. The Companys communications services include local and long-distance, broadband, private line, Multi-Protocol Label Switching (MPLS), data integration, managed hosting, colocation, Ethernet, network access, video, wireless and other ancillary services. The Company operates in two segments: Business and Consumer. The Business segment provides strategic, legacy and data integration products and services to enterprise, wholesale and governmental customers, including other communication providers. The Consumer segment provides strategic and legacy products and services to residential customers.