Etsy (NASDAQ:ETSY) reported a drop of 2.7% or 102,613 shares in its short interest. The short figure came in at 4.5% of the total floats. The average daily volume of 1,148,706 shares suggests that the days to cover 3,727,158 short positions, as on June 15,2016, will be 3. On May 31,2016, the short interest was 3,829,771 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Etsy (NASDAQ:ETSY): The stock opened at $9.49 on Friday but the bulls could not build on the opening and the stock topped out at $9.68 for the day. The stock traded down to $9.21 during the day, due to lack of any buying support eventually closed down at $9.26 with a loss of -6.75% for the day. The stock had closed at $9.93 on the previous day. The total traded volume was 11,475,199 shares.
The company shares have dropped -34.93% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $23.44 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.08 and the 200 Day Moving Average price is recorded at $8.52.
Etsy (NASDAQ:ETSY) has tumbled 4.73% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.58% in the last four weeks. The stocks have underperformed the S&P 500 by 3.15% during the past week but Etsy (NASDAQ:ETSY) it has outperformed the index in 4 weeks by 6.71%.
Etsy, Inc. operates a marketplace where people connect, both online and offline, to make, sell and buy goods. The Company operates at the center of macroeconomic trends in online and mobile commerce, employment, consumption and manufacturing. Its sellers offer goods in online retail categories, including jewelry, stationery, clothing, home goods, craft supplies and vintage items. The Company supports a range of artists, makers, designers and collectors. The Companys community is made up of entrepreneurs who sell on its platform, consumers looking to buy goods in its marketplace, manufacturers who help its sellers grow their businesses and its employees who maintain its platform. The Company offers a range of services for its sellers, which include promoted listings, direct checkout and shipping labels. It also provides a range of tools for its buyers, including communication, search and discovery and mobile.