Qlik Technologies (NASDAQ:QLIK) has seen a rise of 1,507,430 shares or 48.6% in the short interest. The remaining shorts are 5% of the total floated shares. The net short interest, as on June 15,2016, stood at 4,606,370 shares and the stocks days to cover will be 1 by factoring in the average per day volume of 6,435,405 shares. On May 31,2016, 3,098,940 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Qlik Technologies (NASDAQ:QLIK): The stock opened at $29.86 on Friday but the bulls could not build on the opening and the stock topped out at $29.89 for the day. The stock traded down to $29.19 during the day, due to lack of any buying support eventually closed down at $29.41 with a loss of -2.03% for the day. The stock had closed at $30.02 on the previous day. The total traded volume was 8,866,748 shares.
The company shares have dropped -14.85% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $42.18 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $30.36 and the 200 Day Moving Average price is recorded at $27.85.
Qlik Technologies (NASDAQ:QLIK) has tumbled 1.64% during the past week and has dropped 7.92% 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 0.01%. Qlik Technologies (NASDAQ:QLIK) has underperformed the index by 5.13% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Qlik Technologies Inc. is a provider of user-driven, business intelligence (BI) solutions. The Company is engaged in the development, commercialization and implementation of software products and related services. The Companys core solution for guided analytics is QlikView, which allows people create and share insights and analysis in groups and across organizations. The Companys QlikView Desktop is a Windows application that enables the user to load data from disparate sources. QlikView Expressor provides a graphical studio for designing and managing data integration for QlikView apps. QlikView NPrinting is a report generation, distribution and scheduling application for QlikView. Qlik Sense is self-service data visualization and analysis application. Qlik Sense Desktop allows users to connect to any underlying data source, load data, build user interfaces and conduct interactive analyses of their data.