Zynga (NASDAQ:ZNGA) has shown a rise of 4.2% or 868,427 shares in the short positions. The bets have increased to 21,540,653 shares on June 15,2016 from 20,672,226 shares on May 31,2016. With respect to the floated shares, the shorts are 3%. The days to cover are calculated to be 2, using the standard per day volume of 9,828,373 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Zynga (NASDAQ:ZNGA): The stock opened at $2.42 on Friday but the bulls could not build on the opening and the stock topped out at $2.50 for the day. The stock traded down to $2.42 during the day, due to lack of any buying support eventually closed down at $2.43 with a loss of -4.71% for the day. The stock had closed at $2.55 on the previous day. The total traded volume was 18,307,049 shares.
The company shares have dropped -15.63% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $2.96 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $2.57 and the 200 Day Moving Average price is recorded at $2.40.
Zynga (NASDAQ:ZNGA) has tumbled 1.22% during the past week and has dropped 6.54% in the last 4 week period. The company has outperformed the S&P 500 by 0.42% in the past week but underperformed the index by 3.71% in the last 4 weeks.
Zynga Inc. (Zynga) is a provider of social game services. The Company develops markets and operates social games as live services played on mobile platforms, such as iOS and Android, and social networking sites, such as Facebook. The Companys games are also accessible on Zynga.com. The Company has developed online social games, such as FarmVille, Words With Friends, Zynga Poker, Hit It Rich! Slots and CSR Racing. The Company is also engaged in the sale of virtual currency that players use to buy in-game virtual goods, and mobile games. It also offers advertising services, such as Branded Virtual Goods and Sponsorships, Engagement Ads and Offers, Mobile Ads, Display Ads and Licensing of Companys brands.