The short interest in Corning Incorporated (NYSE:GLW) has increased from 24,179,786 on May 31,2016 to 25,684,323 on June 15,2016. The change was measured at 1,504,537 shares or 6.2%. The leftover shorts were 2.4% of the floated shares. The days to cover are 3, given the average daily volume of 8,190,510 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Corning Incorporated (NYSE:GLW): The stock opened at $20.06 on Friday but the bulls could not build on the opening and the stock topped out at $20.32 for the day. The stock traded down to $19.69 during the day, due to lack of any buying support eventually closed down at $19.69 with a loss of -5.29% for the day. The stock had closed at $20.79 on the previous day. The total traded volume was 13,941,913 shares.
The company shares have dropped -0.05% from its 1 Year high price. On Jun 7, 2016, the shares registered one year high at $21.30 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $19.99 and the 200 Day Moving Average price is recorded at $19.16.
Corning Incorporated (NYSE:GLW) has tumbled 2.96% during the past week and has dropped 4% 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 1.35%. Corning Incorporated (NYSE:GLW) has underperformed the index by 1.09% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Corning Incorporated (Corning) is engaged in the manufacture of specialty glass and ceramics. The Company creates and makes keystone components that enable systems for consumer electronics, mobile emissions control, optical communications and life sciences. Corning operates in five segments: Display Technologies, which manufactures glass substrates; Optical Communications, which is engaged in providing optical solutions; Environmental Technologies, which manufactures ceramic substrates and filter products; Specialty Materials, which manufactures products that provide more than 150 material formulations for glass, glass ceramics and fluoride crystals, and Life Sciences segment, which is a developer, manufacturer and supplier of scientific laboratory products. The Company manufactures and processes products at approximately 90 plants in 17 countries.