NetApp June 15th Short Interest Update

The short interest in NetApp (NASDAQ:NTAP) has declined from 19,895,798 on May 31,2016 to 19,806,173 on June 15,2016. The change was measured at 89,625 shares or 0.5%. The leftover shorts were 6.9% of the floated shares. The days to cover are 6, given the average daily volume of 3,134,422 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

NetApp (NASDAQ:NTAP): The stock opened at $24.50 on Friday but the bulls could not build on the opening and the stock topped out at $25.29 for the day. The stock traded down to $24.50 during the day, due to lack of any buying support eventually closed down at $24.72 with a loss of -5.00% for the day. The stock had closed at $26.02 on the previous day. The total traded volume was 8,297,340 shares.

The company shares have dropped -21.97% from its 1 Year high price. On Oct 23, 2015, the shares registered one year high at $34.81 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $24.49 and the 200 Day Moving Average price is recorded at $24.89.

NetApp (NASDAQ:NTAP) has tumbled 0.56% during the past week and has dropped 2.33% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 1.09% and the outperformance has advanced to 0.62% for the last 4 weeks period.

NetApp, Inc. (NetApp) is engaged in providing software, systems and services to manage and store customer data. The Company offers a portfolio of products and services to a range of customer workloads across various data types and deployment models. Its data management solutions enable customers on-premises or in a public cloud resource to control, integrate, move and manage it. It offers both all-flash arrays and hybrid flash arrays and its portfolio includes hybrid and all-flash storage offerings. The Company also offers FlexPod solutions for workloads, such as big data, HPC and video analytics that integrate Hadoop. Its scale-out fabric-attached storage (FAS) platform uses the NetApp Data ONTAP storage operating system. Its Data ONTAP software delivers data protection, data management and software for virtualized, shared infrastructures, cloud computing and mixed workload business applications. The Company focuses on the data management and storage markets.

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