Iron Mountain Incorporated June 15th Short Interest Update

Iron Mountain Incorporated (NYSE:IRM) reported a drop of 5.5% or 625,894 shares in its short interest. The short figure came in at 4.4% of the total floats. The average daily volume of 2,290,793 shares suggests that the days to cover 10,838,967 short positions, as on June 15,2016, will be 5. On May 31,2016, the short interest was 11,464,861 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Iron Mountain Incorporated (NYSE:IRM): The stock opened at $37.36 on Friday but the bulls could not build on the opening and the stock topped out at $37.94 for the day. The stock traded down to $37.36 during the day, due to lack of any buying support eventually closed down at $37.73 with a loss of -2.25% for the day. The stock had closed at $38.60 on the previous day. The total traded volume was 4,617,073 shares.

The company shares have rallied 21.36% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $38.74 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $37.39 and the 200 Day Moving Average price is recorded at $31.79.

Iron Mountain Incorporated (NYSE:IRM) has tumbled 1.36% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.53% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.28% and the outperformance has advanced to 5.63% for the last 4 weeks period.

Iron Mountain Inc. is a holding company, which stores records, primarily paper documents and data backup media, and provide information management services. The Company has five segments: North American Records and Information Management Business, North American Data Management Business, Western European Business, Other International Business and Corporate and Other Business. It offers records and information management services, and data management services. Its customer base includes commercial, legal, banking, healthcare, accounting, insurance, entertainment and government organizations. As of December 31, 2014, the Companys courier fleet consisted of approximately 3,600 owned or leased vehicles. Its other services include secure shredding, document management solutions (DMS), compliant records management and consulting services, health information storage and management solutions, entertainment services, energy data services, discovery services and other ancillary services.

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