Digital Turbine (NASDAQ:APPS), According to the latest information the short interest in Digital Turbine, Inc. shot up by 2.6% or 165,020 shares. The final shorts are 14.2% of the total floated shares. The positions increased from 6,297,389 shares on May 31,2016 to 6,462,409 on June 15,2016. According to the per-day average trading of 304,813 shares, the days to cover are 21. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Digital Turbine (NASDAQ:APPS): The stock opened at $1.04 on Friday but the bulls could not build on the opening and the stock topped out at $1.08 for the day. The stock traded down to $0.98 during the day, due to lack of any buying support eventually closed down at $1.05 with a loss of -1.87% for the day. The stock had closed at $1.07 on the previous day. The total traded volume was 4,717,358 shares.
The company shares have dropped -65.23% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $3.40 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $0.98 and the 200 Day Moving Average price is recorded at $1.12.
Digital Turbine (NASDAQ:APPS) has tumbled 3.67% during the past week and has dropped 0.94% in the last 4 week period. The stocks have underperformed the S&P 500 by 2.07% during the past week but Digital Turbine (NASDAQ:APPS) it has outperformed the index in 4 weeks by 2.05%.
Digital Turbine, Inc., formerly Mandalay Digital Group Inc., is delivering end-to-end products and solutions for mobile operators, application advertisers, device original equipment manufacturers (OEMs) and other third parties to enable them to monetize mobile content. The Company manages its business in four operating segments: Ignite, IQ, Appia Core, and Content. The four operating segments have been aggregated into two segments: Advertising and Content. The Companys Advertising business consists of products including the following: DT Ignite, a mobile device management solution with targeted application distribution capabilities; DT IQ, a customized user experience and application discovery tool; DT Media, an advertiser solution for carrier and OEM inventory, and Appia Core, a mobile user acquisition network. Its Content business consists of the following products: DT Marketplace, an application and content store, and DT Pay, a content management and mobile payment solution.