Cisco Systems (NASDAQ:CSCO), According to the latest information the short interest in Cisco Systems, Inc. shot up by 6.4% or 2,825,359 shares. The final shorts are 0.9% of the total floated shares. The positions increased from 43,940,270 shares on May 31,2016 to 46,765,629 on June 15,2016. According to the per-day average trading of 19,980,501 shares, the days to cover are 2. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Cisco Systems (NASDAQ:CSCO): The stock opened at $28.16 on Friday but the bulls could not build on the opening and the stock topped out at $28.57 for the day. The stock traded down to $27.70 during the day, due to lack of any buying support eventually closed down at $27.75 with a loss of -5.03% for the day. The stock had closed at $29.22 on the previous day. The total traded volume was 44,408,897 shares.
The company shares have rallied 0.76% from its 1 Year high price. On Oct 26, 2015, the shares registered one year high at $29.49 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $28.23 and the 200 Day Moving Average price is recorded at $26.90.
Cisco Systems (NASDAQ:CSCO) has tumbled 4.15% during the past week and has dropped 4.05% 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 2.55%. Cisco Systems (NASDAQ:CSCO) has underperformed the index by 1.14% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Cisco System, Inc. (Cisco) designs and sells lines of products, provides services and delivers integrated solutions to develop and connect networks around the world, building the Internet. The Company is engaged in designing, manufacturing and selling Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use. The Company operates its business through three segments: The Americas; Europe, Middle East, and Africa (EMEA), and Asia Pacific, Japan, and China (APJC). It groups its products and technologies into the various categories, such as Switching, Next-Generation Network (NGN) Routing, Collaboration, Service Provider Video, Data Center, Wireless, Security, and Other Products. In addition to its product offerings, it provides a range of service offerings, including technical support services and advanced services.