International Business Machines Corporation June 15th Short Interest Update

International Business Machines Corporation (NYSE:IBM) encountered a rise of 0.5% or 97,769 shares in the short positions. The number escalated from 20,177,434 on May 31,2016 to 20,275,203 on June 15,2016. The final interest is 2.1% of the floated stock. The days to cover figure of 7 can be arrived using the average daily exchange of 2,844,724 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

International Business Machines Corporation (NYSE:IBM): The stock opened at $149.97 on Friday but the bulls could not build on the opening and the stock topped out at $150.61 for the day. The stock traded down to $146.18 during the day, due to lack of any buying support eventually closed down at $146.59 with a loss of -5.64% for the day. The stock had closed at $155.35 on the previous day. The total traded volume was 9,082,793 shares.

The company shares have dropped -10.05% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $173.78 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $150.75 and the 200 Day Moving Average price is recorded at $141.15.

International Business Machines Corporation (NYSE:IBM) has tumbled 3.55% during the past week and has dropped 4.09% 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 1.95%. International Business Machines Corporation (NYSE:IBM) has underperformed the index by 1.19% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

International Business Machines Corporation is a technology company. The Company operates in five business segments: Global Technology Services (GTS), which includes Strategic Outsourcing, Integrated Technology Services, Cloud and Technology Support Services, and also provides information technology (IT) infrastructure and business process services; Global Business Services (GBS), which offers its services across Consulting and Systems Integration, Global Process Services and Application Management Services; Software, which consists of middleware and operating systems software; Systems and Technology (STG), which provides infrastructure technologies, and Global Financing, which provides financing solutions for products or services that are critical to the end users business operations. Its IBM Watson Health Cloud platform collects clinical, research and social data from a range of health sources and creates a cloud-based data sharing hub.

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