Electronic Arts (NASDAQ:EA) reported a rise of 2.1% or 428,984 shares in its short interest. The short figure came in at 7.3% of the total floats. The average daily volume of 2,813,083 shares suggests that the days to cover 21,272,775 short positions, as on June 15,2016, will be 8. On May 31,2016, the short interest was 20,843,791 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Electronic Arts (NASDAQ:EA): The stock opened at $73.64 on Friday but the bulls could not build on the opening and the stock topped out at $74.77 for the day. The stock traded down to $72.91 during the day, due to lack of any buying support eventually closed down at $73.21 with a loss of -3.73% for the day. The stock had closed at $76.05 on the previous day. The total traded volume was 4,622,459 shares.
The company shares have rallied 10.56% from its 1 Year high price. On Jun 7, 2016, the shares registered one year high at $78.09 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $74.26 and the 200 Day Moving Average price is recorded at $67.26.
Electronic Arts (NASDAQ:EA) has tumbled 1.76% during the past week and has dropped 3.29% 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 0.13%. Electronic Arts (NASDAQ:EA) has underperformed the index by 0.36% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Electronic Arts Inc is a game software content and services provider. The Company develops, markets, publishes and distributes game software content for consumers of various video game machines and electronic devices. It also provides game software-related services. The Companys brands include Battlefield, Mass Effect, Need for Speed, Dragon Age, The Sims, Bejeweled and Plants v. Zombies, as well as brands based on licensed intellectual property such as FIFA, Madden NFL and Star Wars. The Company is organized around three divisions: EA Studios, Maxis and EA Mobile. The EA Studios division develops games and related content and services across a range of game categories, including the FIFA, Madden NFL, Need for Speed, Battlefield, Mass Effect and Dragon Age. The Maxis division creates games, and related content and services that engage player creativity. The EA Mobile division focuses on developing and publishing interactive games for mobile phones and tablets.