Ciber June 15th Short Interest Update

Ciber (NYSE:CBR) has witnessed a rise of 22.2% or 679,299 shares in its short figure. The short interest augmentation took it from 3,059,396 on May 31,2016 to 3,738,695 on June 15,2016. In terms of floated shares, the short interest was calculated to be 5.2%. The days to cover are 5 given that the daily volume averaged 758,069 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Ciber (NYSE:CBR): The stock opened at $1.64 on Friday but the bulls could not build on the opening and the stock topped out at $1.68 for the day. The stock traded down to $1.61 during the day, due to lack of any buying support eventually closed down at $1.65 with a loss of -6.25% for the day. The stock had closed at $1.76 on the previous day. The total traded volume was 7,513,189 shares.

The company shares have dropped -54.17% from its 1 Year high price. On Oct 23, 2015, the shares registered one year high at $3.90 and the one year low was seen on May 23, 2016. The 50-Day Moving Average price is $1.38 and the 200 Day Moving Average price is recorded at $2.31.

Ciber (NYSE:CBR) has tumbled 13.61% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 33.07% in the last four weeks. The stocks have underperformed the S&P 500 by 12.18% during the past week but Ciber (NYSE:CBR) it has outperformed the index in 4 weeks by 37.09%.

Ciber, Inc. (Ciber) is a global information technology (IT) services company. The Company operates in two segments: North America and International. Its Ciber International segment consists of countries in Western Europe and the Nordic region. The Company offers a range of services, which include Staffing/Application Development and Maintenance, Independent software vendor (ISV)/Channel Partner Platforms, Integrated Managed Services and other services. Its Application Development and Maintenance services provide analysis, design, development, testing, implementation and maintenance of its clients business applications. The Company also provides project management, application and technical consulting, database administration, and infrastructure support for project-based or managed-services approach. The Companys business consulting practice comprises Enterprise Application Consultancy, IT Strategy Consultancy and Business Process Consultancy.

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