Splunk (SPLK) : Traders are negative on Splunk (SPLK), as it has 7% of short positions outstanding compared to its float. The total shorts have reduced by -325,787 shares, which is a -3.4% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,9,475,365 to 9,149,578 shares. While the daily trading volume of the stock is 1,389,570, there are 7 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Splunk (NASDAQ:SPLK): The stock opened at $64.85 on Wednesday but the bulls could not build on the opening and the stock topped out at $65.08 for the day. The stock traded down to $63.92 during the day, due to lack of any buying support eventually closed down at $64.23 with a loss of -0.96% for the day. The stock had closed at $64.85 on the previous day. The total traded volume was 1,159,479 shares.
In a related news, The Securities and Exchange Commission has divulged that Conte David F, officer (SVP & Chief Financial Officer) of Splunk Inc, had unloaded 10,575 shares at an average price of $63.91 in a transaction dated on August 11, 2016. The total value of the transaction was worth $675,848.
Splunk Inc. is a provider of software products that allow organizations to gain real-time operational intelligence by harnessing the value of their data. The Companys products allow users to collect, index, search, explore, monitor and analyze data regardless of format or source. The Companys products address diverse data sets referred to as big data and are specifically tailored for machine-generated data. The Companys flagship product is Splunk Enterprise, which is a machine data engine, consisting of collection, indexing, search, reporting, analysis, alerting, and monitoring and data management capabilities. The Companys Splunk Cloud service delivers the core functionalities of Splunk Enterprise as a cloud service. In addition, the Company offers user behavioral analytics to help detect, respond to and mitigate advanced, hidden and insider threats.