Zayo Group Holdings (NYSE:ZAYO) has seen a shortfall of 355,107 shares or 7.6% in the short interest. The remaining shorts are 4.1% of the total floated shares. The net short interest, as on June 15,2016, stood at 4,345,289 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 1,344,215 shares. On May 31,2016, 4,700,396 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Zayo Group Holdings (NYSE:ZAYO): The stock opened at $26.99 on Friday but the bulls could not build on the opening and the stock topped out at $27.70 for the day. The stock traded down to $26.74 during the day, due to lack of any buying support eventually closed down at $26.98 with a loss of -3.30% for the day. The stock had closed at $27.90 on the previous day. The total traded volume was 4,753,551 shares.
The company shares have rallied 3.33% from its 1 Year high price. On Aug 17, 2015, the shares registered one year high at $29.62 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $27.44 and the 200 Day Moving Average price is recorded at $25.57.
Stocks of Zayo Group Holdings (NYSE:ZAYO) rallied by 0.04% during the past week but lost 3.64% on a 4-week basis. The company has outperformed the S&P 500 by 1.7% in the past week but underperformed the index by 0.73% in the last 4 weeks.
Zayo Group Holdings, Inc. is a provider of bandwidth infrastructure in the United States and Europe. The Companys products include leased dark fiber, fiber to cellular towers and small cell sites, dedicated wavelength connections, Ethernet and Internet protocol (IP) connectivity and other high-bandwidth offerings. Its products and services include physical infrastructure, and cloud and connectivity. It operates through three segments: Physical Infrastructure, Cloud and Connectivity, and Other. Its bandwidth infrastructure assets consist of fiber networks, the optronic equipment used to provide its lit services over its fiber networks, and its datacenters where it provides colocation and interconnection services. The Company, through metro fiber networks, provides bandwidth infrastructure services within the metro markets that it serves. The Company, through regional fiber networks, provides bandwidth infrastructure services between the metro markets that it serves.