Xerox Corporation (NYSE:XRX) stated loss of 1,469,182 shares or 6.5% in the short interest. The short interest registered from 22,623,261 on May 31,2016 to 21,154,079 on June 15,2016. In terms of floated shares, the shorted positions stood at 2.2%. The stock has been averaging 4,977,638 shares daily in trading and would need 4 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Xerox Corporation (NYSE:XRX): The stock opened at $9.60 on Friday but the bulls could not build on the opening and the stock topped out at $9.74 for the day. The stock traded down to $9.45 during the day, due to lack of any buying support eventually closed down at $9.45 with a loss of -5.69% for the day. The stock had closed at $10.02 on the previous day. The total traded volume was 8,714,010 shares.
The company shares have dropped -12.34% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $11.46 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.65 and the 200 Day Moving Average price is recorded at $9.96.
Xerox Corporation (NYSE:XRX) has tumbled 3.28% during the past week and has dropped 3.87% 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 1.67%. Xerox Corporation (NYSE:XRX) has underperformed the index by 0.96% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Xerox Corporation is engaged in offering business process and document management solutions. The Company operates through the following segments: Services, Document Technology and Other. The Companys customers include small and midsize businesses (SMBs), graphic communications companies, Governmental entities, educational institutions and Fortune 1000 corporate accounts. The Companys Services segment provides two types of service offerings: Business Process Outsourcing (BPO) and Document Outsourcing (DO). It provides multi-industry offerings, such as customer care, transaction processing, finance and accounting, and human resources, as well as industry focused offerings in areas , such as healthcare, transportation, financial services, retail and telecommunications. The Companys Document Technology segment includes the sale of products and supplies, as well as the associated technical service and financing of those products.