NVIDIA Corporation (NASDAQ:NVDA) reported a drop of 9% or 5,025,784 shares in its short interest. The short figure came in at 10.1% of the total floats. The average daily volume of 8,807,065 shares suggests that the days to cover 51,067,969 short positions, as on June 15,2016, will be 6. On May 31,2016, the short interest was 56,093,753 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
NVIDIA Corporation (NASDAQ:NVDA): The stock opened at $46.50 on Friday but the bulls could not build on the opening and the stock topped out at $47.36 for the day. The stock traded down to $45.30 during the day, due to lack of any buying support eventually closed down at $45.73 with a loss of -5.69% for the day. The stock had closed at $48.49 on the previous day. The total traded volume was 25,442,111 shares.
The company shares have rallied 127.29% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $48.54 and the one year low was seen on Jul 27, 2015. The 50-Day Moving Average price is $44.36 and the 200 Day Moving Average price is recorded at $35.34.
NVIDIA Corporation (NASDAQ:NVDA) has tumbled 2.12% during the past week and has dropped 0.37% in the last 4 week period. The stocks have underperformed the S&P 500 by 0.49% during the past week but NVIDIA Corporation (NASDAQ:NVDA) it has outperformed the index in 4 weeks by 2.64%.
NVIDIA Corporation (NVIDIA) is engaged in visual computing, enabling individuals to interact with digital ideas, data and entertainment. The Company is engaged in creating NVIDIA-branded products and services, offering its processors to original equipment manufacturers (OEMs), and licensing its intellectual property. NVIDIA-branded products and services are visual computing platforms that address four markets: Gaming, Enterprise, High Performance Computing & Cloud, and Automotive. The Company operates in two segments: Graphics Processing Unit (GPU) and Tegra Processor. The Companys GPU product brands include GeForce for gamers; Quadro for designers; Tesla for researchers, learning and big-data analysts; and GRID for cloud-based visual computing users. The Companys Tegra processors are primarily designed to enable its branded platforms: DRIVE and SHIELD.