Marriott International June 15th Short Interest Update

Marriott International (NASDAQ:MAR) has witnessed a rise of 2.9% or 1,701,038 shares in its short figure. The short interest augmentation took it from 58,789,573 on May 31,2016 to 60,490,611 on June 15,2016. In terms of floated shares, the short interest was calculated to be 31.6%. The days to cover are 20 given that the daily volume averaged 2,961,945 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Marriott International (NASDAQ:MAR): The stock opened at $66.36 on Friday but the bulls could not build on the opening and the stock topped out at $67.34 for the day. The stock traded down to $63.84 during the day, due to lack of any buying support eventually closed down at $63.91 with a loss of -7.31% for the day. The stock had closed at $68.95 on the previous day. The total traded volume was 6,184,359 shares.

The company shares have dropped -13.44% from its 1 Year high price. On Oct 28, 2015, the shares registered one year high at $79.88 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $66.94 and the 200 Day Moving Average price is recorded at $66.48.

Marriott International (NASDAQ:MAR) has tumbled 3.85% during the past week and has dropped 3.62% 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 2.26%. Marriott International (NASDAQ:MAR) has underperformed the index by 0.7% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Marriott International, Inc. is a diversified global lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties across the world. It also operates markets and develops residential properties and provides services to home/condominium owner associations. It has three segments: North American Full-Service, North American Limited-Service and International. The Companys brands include The Ritz-Carlton, BVLGARI Hotels & Resorts, EDITION, JW Marriott, Autograph Collection Hotels, Renaissance Hotels, Marriott Hotels, Marriott Executive Apartments, Marriott Vacation Club, Gaylord Hotels, AC Hotels by Marriott, Courtyard by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Fairfield Inn & Suites, TownePlace Suites by Marriott, Protea Hotels and Moxy Hotels. It operates, franchises, or licenses approximately 4,175 properties across the world, with around 714,765 rooms inclusive of around 41 home and condominium products.

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