Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has witnessed a rise of 9.2% or 540,294 shares in its short figure. The short interest augmentation took it from 5,867,668 on May 31,2016 to 6,407,962 on June 15,2016. In terms of floated shares, the short interest was calculated to be 1.1%. The days to cover are 2 given that the daily volume averaged 3,666,274 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH): The stock opened at $60.00 on Friday but the bulls could not build on the opening and the stock topped out at $60.04 for the day. The stock traded down to $57.96 during the day, due to lack of any buying support eventually closed down at $58.01 with a loss of -7.48% for the day. The stock had closed at $62.70 on the previous day. The total traded volume was 9,228,117 shares.
The company shares have dropped -5.18% from its 1 Year high price. On Oct 28, 2015, the shares registered one year high at $69.80 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $61.20 and the 200 Day Moving Average price is recorded at $59.53.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has tumbled 2.59% during the past week and has dropped 7.12% 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 0.97%. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) has underperformed the index by 4.31% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Cognizant Technology Solutions Corporation is a provider of information technology (IT), consulting and business process services. The Company operates in four segments: Financial Services segment, which include banking and insurance; Healthcare segment, which includes healthcare and life sciences, and Manufacturing/Retail/Logistics segment, which includes manufacturing and logistics; retail, travel and hospitality, and consumer goods and Other segment, which includes Communications, Manufacturing/Retail/Logistics, and High Technology. The Companies competencies include business, process, operations and IT consulting, application development and systems integration, enterprise information management (EIM), application testing, application maintenance, IT infrastructure services (IT IS) and business process services (BPS). It provides a range of consulting, information technology and outsourcing services, including consulting and technology services, and outsourcing services.