Facebook (NASDAQ:FB) stated gains of 1,347,431 shares or 5.6% in the short interest. The short interest registered from 23,982,938 on May 31,2016 to 25,330,369 on June 15,2016. In terms of floated shares, the shorted positions stood at 1.1%. The stock has been averaging 17,117,885 shares daily in trading and would need 1 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Facebook (NASDAQ:FB): The stock opened at $111.01 on Friday but the bulls could not build on the opening and the stock topped out at $113.68 for the day. The stock traded down to $111.00 during the day, due to lack of any buying support eventually closed down at $112.08 with a loss of -2.61% for the day. The stock had closed at $115.08 on the previous day. The total traded volume was 40,643,130 shares.
The company shares have rallied 30.63% from its 1 Year high price. On May 11, 2016, the shares registered one year high at $121.08 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $117.20 and the 200 Day Moving Average price is recorded at $109.78.
Facebook (NASDAQ:FB) has tumbled 0.83% during the past week and has dropped 6.11% in the last 4 week period. The company has outperformed the S&P 500 by 0.81% in the past week but underperformed the index by 3.27% in the last 4 weeks.
Facebook, Inc. is a social networking company. The Company is engaged in developing products that enables users to connect and share through mobile devices and personal computers. It offers various services focused on people, marketers and developers. It offers various platforms for people to share their opinions, ideas, photos and videos, and to engage in other activities. Its products include Facebook, Instagram, Messenger and WhatsApp. The Facebook mobile app and Website enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Its Messenger is a mobile-to-mobile messaging application available on iOS and Android phones. Instagram is a mobile application and Website that enables people to take photos or videos, and share them with friends and followers. WhatsApp Messenger is a cross-platform mobile messaging application and allows people to exchange messages on iOS, Android, BlackBerry, Windows Phone and Nokia devices.