GoPro (NASDAQ:GPRO) has seen a shortfall of 215,072 shares or 0.8% in the short interest. The remaining shorts are 29.1% of the total floated shares. The net short interest, as on June 15,2016, stood at 26,882,857 shares and the stocks days to cover will be 6 by factoring in the average per day volume of 4,471,309 shares. On May 31,2016, 27,097,929 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
GoPro (NASDAQ:GPRO): The stock opened at $10.52 on Friday but the bulls could not build on the opening and the stock topped out at $11.07 for the day. The stock traded down to $10.50 during the day, due to lack of any buying support eventually closed down at $10.78 with a loss of -4.77% for the day. The stock had closed at $11.32 on the previous day. The total traded volume was 15,050,669 shares.
The company shares have dropped -79.74% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $65.49 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $10.08 and the 200 Day Moving Average price is recorded at $12.56.
GoPro (NASDAQ:GPRO) has climbed 1.22% in the past week and advanced 5.69% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.9% and the outperformance has advanced to 8.88% for the last 4 weeks period.
GoPro, Inc. produces mountable and wearable cameras and accessories, which the Company refers to as capture devices. Additionally, the Company develops and provides desktop editing software and mobile applications for free to consumers. The Company offers HERO line of capture devices, which include HERO2, HERO3 camera, the HERO3+ camera and the HERO4 and HERO. The Company also provides a selection of mounts designed to enable consumers to capture content while engaged in a range of activities. This includes equipment-based mounts, such as the helmet, handlebar, roll bar, as well as grip and tripod mounts. The Company also offers two software applications: GoPro Studio and GoPro App. GoPro Studio is a video editing tool that allows users to create videos from their GoPro content. The GoPro App allows users to control their GoPro cameras remotely using a smartphone or tablet. Its capture devices are sold through retailers, wholesale distributors and on the Companys Website.