Seagate Technology. June 15th Short Interest Update

Seagate Technology. (NASDAQ:STX), According to the latest information the short interest in Seagate Technology PLC – Ordinary Shares (Ireland) shot up by 4.8% or 1,467,026 shares. The final shorts are 10.8% of the total floated shares. The positions increased from 30,537,874 shares on May 31,2016 to 32,004,900 on June 15,2016. According to the per-day average trading of 5,938,083 shares, the days to cover are 5. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Seagate Technology. (NASDAQ:STX): The stock opened at $23.41 on Friday but the bulls could not build on the opening and the stock topped out at $23.92 for the day. The stock traded down to $23.01 during the day, due to lack of any buying support eventually closed down at $23.16 with a loss of -5.39% for the day. The stock had closed at $24.48 on the previous day. The total traded volume was 6,496,845 shares.

The company shares have dropped -52.75% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $52.88 and the one year low was seen on May 12, 2016. The 50-Day Moving Average price is $21.89 and the 200 Day Moving Average price is recorded at $29.21.

Seagate Technology. (NASDAQ:STX) has tumbled 0.26% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 6.93% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.4% and the outperformance has advanced to 10.16% for the last 4 weeks period.

Seagate Technology plc (Seagate) is a provider of electronic data storage products. The Companys products are hard disk drives (HDD). The Company produces a range of electronic data storage products, including solid state hybrid drives (SSHD), solid state drives (SSD), peripheral component interconnect express (PCIe) cards and Serial AT Attachment (SATA) controllers. The Companys products are designed for enterprise servers and storage systems for applications, client compute applications and client non-compute applications. The Companys product and solution portfolio for the enterprise data storage industry includes storage enclosures, integrated application platforms and high performance computing (HPC) data storage solutions. Its data storage services provide online backup, data protection and recovery solutions for small to medium-sized businesses. Its products include Enterprise Performance HDDs, Mobile HDDs and SSHDs, NAS HDDs, and Surveillance HDDs, among others.

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