The short interest in Visa (NYSE:V) has increased from 42,486,066 on May 31,2016 to 45,757,295 on June 15,2016. The change was measured at 3,271,229 shares or 7.7%. The leftover shorts were 2.4% of the floated shares. The days to cover are 6, given the average daily volume of 7,275,493 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Visa (NYSE:V): The stock opened at $74.80 on Friday but the bulls could not build on the opening and the stock topped out at $76.04 for the day. The stock traded down to $74.45 during the day, due to lack of any buying support eventually closed down at $75.05 with a loss of -4.06% for the day. The stock had closed at $78.23 on the previous day. The total traded volume was 18,374,978 shares.
The company shares have rallied 12.49% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $81.73 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $78.44 and the 200 Day Moving Average price is recorded at $75.87.
Visa (NYSE:V) has tumbled 2.52% during the past week and has dropped 5.79% 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 0.9%. Visa (NYSE:V) has underperformed the index by 2.94% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Visa Inc. is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments. The Company offers fraud protection for account holders and rapid payment for merchants. The Company provides a variety of payment solutions that support payment products that issuers can offer to their account holders, such as pay now with debit, pay ahead with prepaid or pay later with credit products. The Company offers a suite of digital, eCommerce and mobile products and services.