The short interest in Zendesk (NYSE:ZEN) has increased from 4,657,890 on May 31,2016 to 4,741,778 on June 15,2016. The change was measured at 83,888 shares or 1.8%. The leftover shorts were 6.3% of the floated shares. The days to cover are 4, given the average daily volume of 1,226,760 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Zendesk (NYSE:ZEN): The stock opened at $26.34 on Friday but the bulls could not build on the opening and the stock topped out at $27.09 for the day. The stock traded down to $25.96 during the day, due to lack of any buying support eventually closed down at $26.00 with a loss of -6.81% for the day. The stock had closed at $27.90 on the previous day. The total traded volume was 4,621,043 shares.
The company shares have rallied 14.49% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $28.00 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $25.48 and the 200 Day Moving Average price is recorded at $22.69.
Zendesk (NYSE:ZEN) has tumbled 3.74% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 6.21% in the last four weeks. The stocks have underperformed the S&P 500 by 2.14% during the past week but Zendesk (NYSE:ZEN) it has outperformed the index in 4 weeks by 9.42%.
Zendesk, Inc. (Zendesk) is a software development company. The Company provides software as a service (SaaS) customer service platform. The Company answers customers questions and solves their problems through email, chat, voice, social media and Websites. Its platform also helps people find answers on their own through knowledge bases and communities. The Companys platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking. The Company, through its subsidiary Zopim, provides live chat software as a standalone service and as an integrated service with its customer service platform for chat-enabled agents. The Company also offers freemium plans for its customer service platform and live chat software, as well as email collaboration software. Its customers are located in 150 countries and territories and provide service through its customer service platform in over 40 languages.