Level 3 Communications June 15th Short Interest Update

Level 3 Communications (NYSE:LVLT), A drop of 198,461 shares or 4.8% was seen in the short interest of Level 3 Communications Inc. Even as the interest dropped from 4,143,158 shares on May 31,2016 to 3,944,697 shares on June 15,2016, the days to cover came in at 3. The updated interest stood at 1.1% of the stocks floats. The stock has seen an average daily volume of 1,379,454 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Level 3 Communications (NYSE:LVLT): The stock opened at $50.15 on Friday but the bulls could not build on the opening and the stock topped out at $50.49 for the day. The stock traded down to $49.07 during the day, due to lack of any buying support eventually closed down at $49.09 with a loss of -6.41% for the day. The stock had closed at $52.45 on the previous day. The total traded volume was 4,869,568 shares.

The company shares have dropped -5.80% from its 1 Year high price. On Apr 28, 2016, the shares registered one year high at $56.11 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $52.26 and the 200 Day Moving Average price is recorded at $51.14.

Level 3 Communications (NYSE:LVLT) has tumbled 4.16% during the past week and has dropped 8.55% 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 2.57%. Level 3 Communications (NYSE:LVLT) has underperformed the index by 5.78% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Level 3 Communications, Inc. is a provider of a range of integrated communications services. The Companys operating segments include North America includes operations in Georgia, Colorado, Florida, Canada, New York, Arizona, Pennsylvania, Michigan and Oklahoma; Europe includes operations in England, Ireland, The Netherlands and France; The Latin America includes operations in Colombia, Argentina, Venezuela, Peru, Ecuador, Chile and Brazil. The Asia or Pacific includes operations in China, Singapore and Japan. The tw telecom inc. (tw telecom) is an indirect, wholly owned subsidiary of the Company. The Company offers services, which includes core network services and wholesale voice services. It offers products, which include core network services, including transport and fiber services, colocation and data center services, IP and data services, managed services, cloud and IT services, voice services and wholesale voice services, including voice termination and toll free.

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