ARRIS Group (NASDAQ:ARRS), According to the latest information the short interest in ARRIS International plc – Ordinary Shares shot up by 12.7% or 695,218 shares. The final shorts are 3.3% of the total floated shares. The positions increased from 5,497,427 shares on May 31,2016 to 6,192,645 on June 15,2016. According to the per-day average trading of 1,517,473 shares, the days to cover are 4. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
ARRIS Group (NASDAQ:ARRS): The stock opened at $21.69 on Friday but the bulls could not build on the opening and the stock topped out at $22.08 for the day. The stock traded down to $21.27 during the day, due to lack of any buying support eventually closed down at $21.46 with a loss of -5.96% for the day. The stock had closed at $22.82 on the previous day. The total traded volume was 3,941,325 shares.
The company shares have dropped -30.37% from its 1 Year high price. On Dec 4, 2015, the shares registered one year high at $32.93 and the one year low was seen on Feb 18, 2016. The 50-Day Moving Average price is $23.15 and the 200 Day Moving Average price is recorded at $24.49.
ARRIS Group (NASDAQ:ARRS) has tumbled 6.66% during the past week and has dropped 8.87% 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 5.11%. ARRIS Group (NASDAQ:ARRS) has underperformed the index by 6.12% in the last 4 weeks. Investors should watch out for further signals and trade with caution.