eBay June 15th Short Interest Update

eBay (NASDAQ:EBAY) has shown a rise of 10% or 2,064,019 shares in the short positions. The bets have increased to 22,789,277 shares on June 15,2016 from 20,725,258 shares on May 31,2016. With respect to the floated shares, the shorts are 2.1%. The days to cover are calculated to be 3, using the standard per day volume of 8,418,382 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

eBay (NASDAQ:EBAY): The stock opened at $23.77 on Friday but the bulls could not build on the opening and the stock topped out at $23.89 for the day. The stock traded down to $22.81 during the day, due to lack of any buying support eventually closed down at $23.13 with a loss of -6.92% for the day. The stock had closed at $24.85 on the previous day. The total traded volume was 24,566,096 shares.

The company shares have dropped -7.43% from its 1 Year high price. On Dec 1, 2015, the shares registered one year high at $29.83 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $23.99 and the 200 Day Moving Average price is recorded at $24.72.

eBay (NASDAQ:EBAY) has tumbled 2.77% during the past week and has dropped 5.05% 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 1.16%. eBay (NASDAQ:EBAY) has underperformed the index by 2.18% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

eBay Inc.(eBay) is a global technology company. The Company has created an open source platform that provides software developers and merchants access to its applications programming interfaces (APIs) to develop software and solutions for commerce. The Companys segments include Marketplaces and Payments. The Companys Marketplaces segment includes its ebay.com platform and its localized counterparts, as well as other online platforms, such as its online classifieds sites and StubHub. The Companys Payments segment consists of its PayPal business. Its classifieds Websites include alaMaula, BilBasen, dba.dk, eBay Classifieds (eBay Classifieds, eBay Kleinanzeigen and eBay Annunci), Gumtree, Kijiji, iBazar, 2dehands.be, 2ememain.be, LoQUo, Marktplaats.nl and mobile.de. It also offers trust and safety programs, including PayPals Seller Protection and Purchase Protection Programs, through its PayPal. It offers mobile applications for iPhone, iPad, Android and Windows mobile devices.

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