Euronet Worldwide (NASDAQ:EEFT) has witnessed a drop of 6.5% or 131,535 shares in its short figure. The short interest diminution took it from 2,023,118 on May 31,2016 to 1,891,583 on June 15,2016. In terms of floated shares, the short interest was calculated to be 3.8%. The days to cover are 4 given that the daily volume averaged 423,839 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Euronet Worldwide (NASDAQ:EEFT): The stock opened at $74.65 on Friday but the bulls could not build on the opening and the stock topped out at $74.97 for the day. The stock traded down to $70.77 during the day, due to lack of any buying support eventually closed down at $71.76 with a loss of -8.34% for the day. The stock had closed at $78.29 on the previous day. The total traded volume was 5,532,027 shares.
The company shares have rallied 18.79% from its 1 Year high price. On Nov 9, 2015, the shares registered one year high at $82.49 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $77.85 and the 200 Day Moving Average price is recorded at $73.58.
Euronet Worldwide (NASDAQ:EEFT) has tumbled 5.79% during the past week and has dropped 10.04% 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 4.23%. Euronet Worldwide (NASDAQ:EEFT) has underperformed the index by 7.32% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Euronet Worldwide, Inc. (Euronet) is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. The Company operates in three segments: The EFT Processing Segment, which provides electronic payment solutions consisting of ATM cash withdrawal and deposit services, ATM network participation, outsourced ATM and POS management solutions, credit and debit card outsourcing, and card issuing and merchant acquiring services; The epay Segment, which provides electronic distribution and processing of prepaid mobile airtime and other electronic payment products and collection services for various payment products, cards and services, and the Money Transfer Segment, which provides global consumer-to-consumer money transfer services under the brand names Ria and AFEX Money Express and global account-to-account money transfer services under the brand name HiFX.