Intel Corporation June 15th Short Interest Update

Intel Corporation (NASDAQ:INTC), According to the latest information the short interest in Intel Corporation plummeted by 3.7% or 2,897,857 shares. The final shorts are 1.6% of the total floated shares. The positions dropped from 78,483,818 shares on May 31,2016 to 75,585,961 on June 15,2016. According to the per-day average trading of 18,864,954 shares, the days to cover are 4. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Intel Corporation (NASDAQ:INTC): The stock opened at $31.80 on Friday but the bulls could not build on the opening and the stock topped out at $32.32 for the day. The stock traded down to $31.40 during the day, due to lack of any buying support eventually closed down at $31.55 with a loss of -4.36% for the day. The stock had closed at $32.99 on the previous day. The total traded volume was 38,094,301 shares.

The company shares have rallied 3.82% from its 1 Year high price. On Dec 29, 2015, the shares registered one year high at $35.59 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $31.21 and the 200 Day Moving Average price is recorded at $31.46.

Intel Corporation (NASDAQ:INTC) has tumbled 0.66% during the past week and has dropped 0.06% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.99% and the outperformance has advanced to 2.96% for the last 4 weeks period.

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company sells these platforms to original equipment manufacturers (OEMs), original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the computing and communications industries. The Companys platforms are used to deliver a range of computing experiences in notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, and the Internet of Things. It also develops and sells software and services focused on security and technology integration. The Companys operating segments include the PC Client Group (PCCG), the Data Center Group (DCG), the Internet of Things Group (IOTG), the Mobile and Communications Group (MCG), the software and services (SSG) and all other. SSG segment includes McAfee and software and services group. All Other segment includes Non-Volatile Memory Solutions Group, Netbook Group and New Devices Group.

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