Nuance Communications June 15th Short Interest Update

Nuance Communications (NASDAQ:NUAN) has witnessed a drop of 8.1% or 1,226,056 shares in its short figure. The short interest diminution took it from 15,194,460 on May 31,2016 to 13,968,404 on June 15,2016. In terms of floated shares, the short interest was calculated to be 5.1%. The days to cover are 5 given that the daily volume averaged 2,629,029 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Nuance Communications (NASDAQ:NUAN): The stock opened at $15.71 on Friday but the bulls could not build on the opening and the stock topped out at $15.90 for the day. The stock traded down to $15.25 during the day, due to lack of any buying support eventually closed down at $15.25 with a loss of -6.04% for the day. The stock had closed at $16.23 on the previous day. The total traded volume was 6,513,833 shares.

The company shares have dropped -12.05% from its 1 Year high price. On Dec 3, 2015, the shares registered one year high at $21.83 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $16.58 and the 200 Day Moving Average price is recorded at $18.27.

Nuance Communications (NASDAQ:NUAN) has tumbled 4.81% during the past week and has dropped 8.08% 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 3.23%. Nuance Communications (NASDAQ:NUAN) has underperformed the index by 5.3% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Nuance Communications, Inc. is a provider of voice and language solutions for businesses and consumers across the world. The Companys solutions are used in healthcare, mobile, consumer, enterprise customer service, and imaging markets. The Company offers accuracy, natural language understanding capability, domain knowledge and implementation capabilities. The Companys solutions are based on the Companys voice and language platform and are used by businesses for tasks and services, such as requesting information from a phone-based self-service solution, dictating medical records, searching the mobile Web by voice, entering a destination into a navigation system, or working with portable document format (PDF) documents. The Company offers its solutions to its customers in a range of ways, including through products, hosting, professional services and maintenance and support. The Company operates in four segments: Healthcare, Mobile and Consumer, Enterprise, and Imaging.

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