Sprint Corporation June 15th Short Interest Update

Sprint Corporation (NYSE:S) encountered a drop of 1.9% or -3,446,416 shares in the short positions. The number dropped from 178,516,876 on May 31,2016 to 175,070,460 on June 15,2016. The final interest is 28% of the floated stock. The days to cover figure of 17 can be arrived using the average daily exchange of 10,277,988 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Sprint Corporation (NYSE:S): The stock opened at $4.17 on Friday but the bulls could not build on the opening and the stock topped out at $4.37 for the day. The stock traded down to $4.05 during the day, due to lack of any buying support eventually closed down at $4.12 with a loss of -6.15% for the day. The stock had closed at $4.39 on the previous day. The total traded volume was 27,225,379 shares.

The company shares have dropped -8.85% from its 1 Year high price. On Aug 31, 2015, the shares registered one year high at $5.29 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $3.72 and the 200 Day Moving Average price is recorded at $3.46.

Sprint Corporation (NYSE:S) has climbed 11.05% in the past week and advanced 11.96% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 12.89% and the outperformance has advanced to 15.34% for the last 4 weeks period.

Sprint Corporation is a holding company. The Company, along with its subsidiaries is a wireless communications company offering a range of wireless and wireline communications products and services. The Company operates in two segments: Wireless and Wireline. Its services are provided through its ownership of wireless networks, an all-digital global wireline network and a Tier 1 Internet backbone. It offers wireless and wireline services to subscribers in all 50 states, Puerto Rico, and the United States Virgin Islands under the Sprint corporate brand, which includes its retail brands of Sprint, Boost Mobile, Virgin Mobile and Assurance Wireless. It markets its postpaid services under the Sprint brand. It markets its prepaid services under the Sprint, Boost Mobile, Virgin Mobile and Assurance Wireless brands. In addition, it sells accessories, such as carrying cases, hands-free devices and and it sells devices and accessories to agents and other third-party distributors for resale.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.