Symantec Corporation June 15th Short Interest Update

Symantec Corporation (NASDAQ:SYMC) has shown a drop of 16.6% or 3,342,814 shares in the short positions. The bets have increased to 16,792,340 shares on June 15,2016 from 20,135,154 shares on May 31,2016. With respect to the floated shares, the shorts are 2.8%. The days to cover are calculated to be 2, using the standard per day volume of 11,014,927 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Symantec Corporation (NASDAQ:SYMC): The stock opened at $20.41 on Friday but the bulls could not build on the opening and the stock topped out at $20.92 for the day. The stock traded down to $20.34 during the day, due to lack of any buying support eventually closed down at $20.43 with a loss of -3.81% for the day. The stock had closed at $21.24 on the previous day. The total traded volume was 15,979,446 shares.

The company shares have dropped -12.17% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $24.21 and the one year low was seen on Mar 4, 2016. The 50-Day Moving Average price is $17.89 and the 200 Day Moving Average price is recorded at $18.79.

Symantec Corporation (NASDAQ:SYMC) has climbed 2.3% in the past week and advanced 19.13% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4% and the outperformance has advanced to 22.73% for the last 4 weeks period.

Symantec Corporation provides security, backup and availability solutions. The Company operates in three segments: Consumer Security, Enterprise Security, and Information Management. The Companys products and services offer protection of information in any environment from the mobile device, to the enterprise data center, to cloud-based systems. Consumers receive automatic downloads of the latest virus definitions, application bug fixes and patches for its consumer product. The Companys enterprise security support program offers annual maintenance support contracts, including content, upgrades and technical support. The Companys Consumer Security segment offers Norton-branded services, which provide multi-layer security and identity protection on desktop and mobile operating systems, to defend against online threats to individuals, families and small businesses.

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