Time Warner June 15th Short Interest Update

Time Warner (NYSE:TWX) has shown a drop of 4.1% or 447,887 shares in the short positions. The bets have increased to 10,587,210 shares on June 15,2016 from 11,035,097 shares on May 31,2016. With respect to the floated shares, the shorts are 1.3%. The days to cover are calculated to be 3, using the standard per day volume of 3,060,334 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Time Warner (NYSE:TWX): The stock opened at $70.92 on Friday but the bulls could not build on the opening and the stock topped out at $71.55 for the day. The stock traded down to $69.76 during the day, due to lack of any buying support eventually closed down at $70.72 with a loss of -3.19% for the day. The stock had closed at $73.05 on the previous day. The total traded volume was 8,300,115 shares.

The company shares have dropped -18.27% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $91.34 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $73.70 and the 200 Day Moving Average price is recorded at $70.71.

Time Warner (NYSE:TWX) has tumbled 2.28% during the past week and has dropped 6.06% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.66%. Time Warner (NYSE:TWX) has underperformed the index by 3.21% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Time Warner Inc. (Time Warner) is a media and entertainment company. The Company operates in three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of domestic premium pay television services, and international premium pay and basic tier television services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution of digital and physical home entertainment products. Turner operates over 165 channels globally. In the United States, its networks and related properties include TNT, TBS, Adult Swim, truTV, Turner Classic Movies, Turner Sports, Cartoon Network, Boomerang, CNN and HLN. Outside the United States, Turners portfolio of brands and digital businesses reaches consumers in over 200 countries.

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