Motorola Solutions June 15th Short Interest Update

Motorola Solutions (NYSE:MSI) reported a drop of 3.3% or 145,428 shares in its short interest. The short figure came in at 2.5% of the total floats. The average daily volume of 2,665,561 shares suggests that the days to cover 4,256,749 short positions, as on June 15,2016, will be 2. On May 31,2016, the short interest was 4,402,177 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Motorola Solutions (NYSE:MSI): The stock opened at $66.05 on Friday but the bulls could not build on the opening and the stock topped out at $66.45 for the day. The stock traded down to $64.60 during the day, due to lack of any buying support eventually closed down at $64.73 with a loss of -4.82% for the day. The stock had closed at $68.01 on the previous day. The total traded volume was 4,735,121 shares.

The company shares have rallied 13.28% from its 1 Year high price. On Apr 4, 2016, the shares registered one year high at $76.83 and the one year low was seen on Jul 7, 2015. The 50-Day Moving Average price is $68.83 and the 200 Day Moving Average price is recorded at $69.52.

Motorola Solutions (NYSE:MSI) has tumbled 3.86% during the past week and has dropped 6.86% 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 2.27%. Motorola Solutions (NYSE:MSI) has underperformed the index by 4.05% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Motorola Solutions, Inc. provides communication infrastructure, devices, accessories, software and services. The Company operates business in two segments: Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories and software. The primary customers of the Products segment are Government, public safety and first-responder agencies, municipalities, and commercial and industrial customers. The Products segment has two principal product lines: devices and systems. The Services segment provides a set of service offerings for Government, public safety and commercial communication networks. The Services segment has the following principal product lines: Integration services, Lifecycle Support services, Managed services, Smart Public Safety Solutions and Integrated Digital Enhanced Network (iDEN) services. The Company serves customers in more than 100 countries.

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