Sabre Corporation (NASDAQ:SABR) reported a rise of 17.3% or 1,565,625 shares in its short interest. The short figure came in at 5.4% of the total floats. The average daily volume of 2,548,271 shares suggests that the days to cover 10,632,943 short positions, as on June 15,2016, will be 4. On May 31,2016, the short interest was 9,067,318 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Sabre Corporation (NASDAQ:SABR): The stock opened at $25.98 on Friday but the bulls could not build on the opening and the stock topped out at $26.12 for the day. The stock traded down to $25.45 during the day, due to lack of any buying support eventually closed down at $25.45 with a loss of -5.11% for the day. The stock had closed at $26.82 on the previous day. The total traded volume was 9,633,486 shares.
The company shares have rallied 7.98% from its 1 Year high price. On Oct 28, 2015, the shares registered one year high at $30.46 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $27.93 and the 200 Day Moving Average price is recorded at $27.55.
Sabre Corporation (NASDAQ:SABR) has tumbled 6.33% during the past week and has dropped 10.1% 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 4.78%. Sabre Corporation (NASDAQ:SABR) has underperformed the index by 7.38% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Sabre Corporation (Sabre) is a technology solutions provider to the global travel and tourism industry. The Company operates in two segments: Travel Network, which is a global business-to-business travel marketplace for travel suppliers and travel buyers, and Airline and Hospitality Solutions, which provides a suite of software solutions, primarily for airlines and hotel properties. The Company connects travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines and tour operators, with travel buyers in a travel marketplace. It also offers travel suppliers a suite of software solutions, ranging from airline and hotel reservations systems to marketing and operations solutions, such as planning airline crew schedules, re-accommodating passengers during irregular flight operations and managing day-to-day hotel operations.