Verizon Communications June 15th Short Interest Update

Verizon Communications (NYSE:VZ), A increase of 3,236,439 shares or 9.7% was observed in the short interest of Verizon Communications The interest on June 15,2016 came in at 36,572,000 shares and as per the average daily trading of 11,240,231 shares, the days to cover are 3. The increased interest is 0.9% of the floated shares. The data of May 31,2016 put the interest at 33,335,561 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Verizon Communications (NYSE:VZ): The stock opened at $54.47 on Friday but the bulls could not build on the opening and the stock topped out at $55.22 for the day. The stock traded down to $54.13 during the day, due to lack of any buying support eventually closed down at $54.43 with a loss of -0.44% for the day. The stock had closed at $54.67 on the previous day. The total traded volume was 43,842,717 shares.

The company shares have rallied 16.38% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $55.22 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $51.62 and the 200 Day Moving Average price is recorded at $50.24.

Verizon Communications (NYSE:VZ) has climbed 1.21% in the past week and advanced 7.53% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.89% and the outperformance has advanced to 10.78% for the last 4 weeks period.

Verizon Communications Inc. (Verizon) is a holding company that, acting through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment includes the Cellco Partnership doing business as Verizon Wireless. Wireless communications products and services include wireless voice and data services and equipment sales, which are provided to consumer, business and government customers across the United States. Wirelines voice, data and video communications products and services include broadband video and data, corporate networking solutions, data center and cloud services, security and managed network services and local and long distance voice services. Verizon provides these products and services to consumers in the United States, as well as to carriers, businesses and government customers both in the United States and around the world.

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