Yahoo! (NASDAQ:YHOO), A drop of 1,480,837 shares or 3.9% was seen in the short interest of Yahoo! Inc.. Even as the interest dropped from 37,807,055 shares on May 31,2016 to 36,326,218 shares on June 15,2016, the days to cover came in at 3. The updated interest stood at 4.2% of the stocks floats. The stock has seen an average daily volume of 12,231,750 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Yahoo! (NASDAQ:YHOO): The stock opened at $36.40 on Friday but the bulls could not build on the opening and the stock topped out at $36.95 for the day. The stock traded down to $36.09 during the day, due to lack of any buying support eventually closed down at $36.24 with a loss of -4.08% for the day. The stock had closed at $37.78 on the previous day. The total traded volume was 19,657,828 shares.
The company shares have dropped -6.86% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $39.98 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $37.07 and the 200 Day Moving Average price is recorded at $34.05.
Yahoo! (NASDAQ:YHOO) has tumbled 1.9% during the past week and has dropped 4.18% 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 0.27%. Yahoo! (NASDAQ:YHOO) has underperformed the index by 1.28% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Yahoo! Inc. is a technology company. The Company is engaged in providing Internet search, communication and digital content. The Company manages its business geographically: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific. The Companys products include Search, Communications, Digital content, Flickr, and Tumblr. Yahoo Search is a search engine serves as a starting point to navigate the Internet and discover information, which is ranked and organized -based on their relevance to the query. Yahoo Mail connects users across mobile phones, tablets and PC. Yahoo.com offers news and information, including Yahoo original content and partner content. Flickr is a Web and mobile photo management and sharing service. Tumblr offers a Web platform and mobile applications (particularly on the iOS and Android platforms) that allow users to create, share and curate content. Yahoo is also a digital publisher and advertising technology provider.