Netflix June 15th Short Interest Update

Netflix (NASDAQ:NFLX), A drop of 2,628,233 shares or 6.7% was seen in the short interest of Netflix, Inc.. Even as the interest dropped from 39,018,060 shares on May 31,2016 to 36,389,827 shares on June 15,2016, the days to cover came in at 4. The updated interest stood at 8.7% of the stocks floats. The stock has seen an average daily volume of 9,165,157 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Netflix (NASDAQ:NFLX): The stock opened at $87.53 on Friday but the bulls could not build on the opening and the stock topped out at $90.49 for the day. The stock traded down to $87.21 during the day, due to lack of any buying support eventually closed down at $88.44 with a loss of -3.51% for the day. The stock had closed at $91.66 on the previous day. The total traded volume was 11,248,582 shares.

The company shares have dropped -4.11% from its 1 Year high price. On Dec 7, 2015, the shares registered one year high at $133.27 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $94.59 and the 200 Day Moving Average price is recorded at $100.08.

Netflix (NASDAQ:NFLX) has tumbled 6.36% during the past week and has dropped 14.39% 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 4.81%. Netflix (NASDAQ:NFLX) has underperformed the index by 11.8% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Netflix, Inc. is a provider of Internet television network. The Company has over 57 million streaming members in over 50 countries. Its members can watch more than two billion hours of television (TV) shows and movies per month, including original series, documentaries and feature films on Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting of DVD-by-mail. Its members can play, pause and resume watching, all without commercials or commitments. Additionally, in the United States, its members can receive DVDs to their homes. The Company offers streaming service both domestically and internationally.

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