Groupon June 15th Short Interest Update

Groupon (NASDAQ:GRPN) has shown a rise of 0.2% or 96,683 shares in the short positions. The bets have increased to 52,312,904 shares on June 15,2016 from 52,216,221 shares on May 31,2016. With respect to the floated shares, the shorts are 12.5%. The days to cover are calculated to be 9, using the standard per day volume of 5,821,549 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Groupon (NASDAQ:GRPN): The stock opened at $3.18 on Friday but the bulls could not build on the opening and the stock topped out at $3.26 for the day. The stock traded down to $3.11 during the day, due to lack of any buying support eventually closed down at $3.14 with a loss of -6.27% for the day. The stock had closed at $3.35 on the previous day. The total traded volume was 10,934,250 shares.

The company shares have dropped -37.94% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $5.32 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $3.39 and the 200 Day Moving Average price is recorded at $3.54.

Groupon (NASDAQ:GRPN) has tumbled 3.98% during the past week and has dropped 11.55% 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 2.38%. Groupon (NASDAQ:GRPN) has underperformed the index by 8.87% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Groupon, Inc. operates online local commerce marketplaces world over that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, the Middle East and Africa, and international operations (Rest of World). The Company offers deals on goods and services in three categories: Local Deals (Local), Groupon Goods (Goods) and Groupon Getaways (Travel). The Companys Local category includes deals with local merchants, national merchants and local events. The Companys Goods transactions in North America are primarily direct revenue deals. Through its Getaways category, the Company features travel offers at both discounted and market rates, including hotels, airfare and package deals covering both domestic and international travel. Its deal offerings are accessed directly through its Websites, mobile applications and search engines.

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