Flextronics International Ltd. (NASDAQ:FLEX), A rise of 502,723 shares or 10.7% was seen in the short interest of Flextronics International Ltd. – Ordinary Shares. Even as the interest increased from 4,710,966 shares on May 31,2016 to 5,213,689 shares on June 15,2016, the days to cover came in at 1. The updated interest stood at 1% of the stocks floats. The stock has seen an average daily volume of 3,756,660 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Flextronics International Ltd. (NASDAQ:FLEX): The stock opened at $12.75 on Friday but the bulls could not build on the opening and the stock topped out at $12.86 for the day. The stock traded down to $12.35 during the day, due to lack of any buying support eventually closed down at $12.35 with a loss of -6.37% for the day. The stock had closed at $13.19 on the previous day. The total traded volume was 4,788,496 shares.
The company shares have rallied 6.83% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $13.23 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $12.57 and the 200 Day Moving Average price is recorded at $11.47.
Flextronics International Ltd. (NASDAQ:FLEX) has tumbled 3.44% during the past week and has dropped 1.12% in the last 4 week period. The stocks have underperformed the S&P 500 by 1.84% during the past week but Flextronics International Ltd. (NASDAQ:FLEX) it has outperformed the index in 4 weeks by 1.87%.
Flextronics International Ltd. (Flextronics) is a Singapore-based provider of global supply chain solutions. The Company designs, builds, ships and serves packaged electronic products for its original equipment manufacturers (OEMs) in various groups. The Company offers a range of design and engineering services that relate to manufacturing (including enclosures, metals, plastic injection molding, precision plastics, machining, and mechanicals), system integration and assembly and test services, materials procurement, inventory management, logistics and after-sales services (including product repair, warranty services, re-manufacturing and maintenance), supply chain management software solutions and component product offerings (including rigid and flexible printed circuit boards and power adapters and chargers).