Windstream Holdings June 15th Short Interest Update

Windstream Holdings (NASDAQ:WIN) reported a drop of 3.6% or 860,247 shares in its short interest. The short figure came in at 24.3% of the total floats. The average daily volume of 1,474,206 shares suggests that the days to cover 22,992,543 short positions, as on June 15,2016, will be 16. On May 31,2016, the short interest was 23,852,790 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Windstream Holdings (NASDAQ:WIN): The stock opened at $9.15 on Friday but the bulls could not build on the opening and the stock topped out at $9.24 for the day. The stock traded down to $8.76 during the day, due to lack of any buying support eventually closed down at $8.96 with a loss of -3.97% for the day. The stock had closed at $9.33 on the previous day. The total traded volume was 5,173,008 shares.

The company shares have rallied 37.00% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $9.50 and the one year low was seen on Jul 27, 2015. The 50-Day Moving Average price is $8.55 and the 200 Day Moving Average price is recorded at $7.36.

Windstream Holdings (NASDAQ:WIN) has tumbled 1.32% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 6.54% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.32% and the outperformance has advanced to 9.76% for the last 4 weeks period.

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