Cray Inc (CRAY) : 1 days before expiry, shorts in Cray Inc (CRAY) have reduced from 2,557,820 on Jul 29, 2016, to 1,923,225 on August 15, 2016. On an average, 1,478,322 shares are traded on the exchange. The outstanding bearish positions are equal to 4.8% of the float. Short sellers have covered -634,595 shares, a reduction of -24.8%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Cray Inc (NASDAQ:CRAY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.98 and $22.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.06, notching a gain of 0.48% for the day. The total traded volume was 555,412 . The stock had closed at $22.95 on the previous day.
In a related news,The officer (SVP Admin, GC & Corp Sec) of Cray Inc, Piraino Michael Charles sold 15,000 shares at $21.97 on August 16, 2016. The Insider selling transaction had a total value worth of $329,550. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Cray Inc. designs, develops, manufactures, markets and services the high-performance computing (HPC). The Company markets supercomputers and provides storage and analytics solutions. It also provides software, system maintenance and support services, and engineering services related to supercomputer systems. The Company operates through segments, which include Supercomputing, Storage and Data Management, Maintenance and Support and Engineering Services and Other. It provides three models of customer-focused solutions: integrated supercomputing and storage solutions with tuned software; commodity-based cluster supercomputing and storage solutions, and turn-key analytic solutions featuring industry standards and graph technologies. The Company offers its solutions by combining supercomputing, cluster, storage and analytics technology. Its customers include domestic and foreign Government, and Government-funded entities, academic institutions and commercial entities.