Charter Communications June 15th Short Interest Update

Charter Communications (NASDAQ:CHTR), A drop of 530,342 shares or 5.4% was seen in the short interest of Charter Communications, Inc. – Class A Common Stock. Even as the interest dropped from 9,759,294 shares on May 31,2016 to 9,228,952 shares on June 15,2016, the days to cover came in at 4. The updated interest stood at 4.4% of the stocks floats. The stock has seen an average daily volume of 2,505,856 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Charter Communications (NASDAQ:CHTR): The stock opened at $219.17 on Friday but the bulls could not build on the opening and the stock topped out at $224.23 for the day. The stock traded down to $215.18 during the day, due to lack of any buying support eventually closed down at $216.80 with a loss of -3.59% for the day. The stock had closed at $224.87 on the previous day. The total traded volume was 5,933,546 shares.

The company shares have rallied 28.63% from its 1 Year high price. On May 20, 2016, the shares registered one year high at $233.70 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $220.86 and the 200 Day Moving Average price is recorded at $194.93.

Charter Communications (NASDAQ:CHTR) has tumbled 1.92% during the past week and has dropped 1.44% in the last 4 week period. The stocks have underperformed the S&P 500 by 0.3% during the past week but Charter Communications (NASDAQ:CHTR) it has outperformed the index in 4 weeks by 1.54%.

Charter Communications, Inc. (Charter) is a provider of cable services in the United States, offering a variety of entertainment, information and communications solutions to residential and commercial customers. The Company sells its video, Internet and voice services primarily on a subscription basis, often in a bundle of two or more services. The Company provides broadband communications solutions to business and carrier organizations, such as video entertainment services, Internet access, business telephone services, data networking and fiber connectivity to cellular towers and office buildings. Through its hybrid fiber and coaxial cable network, the Company offers its customers traditional cable video services, as well as advanced video services, Internet services and voice services. The Companys voice services are primarily provided using voice over Internet protocol (VoIP) technology, to transmit digital voice signals over the Companys systems.

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