Citrix Systems (NASDAQ:CTXS) has shown a drop of 5.5% or 576,296 shares in the short positions. The bets have increased to 9,844,200 shares on June 15,2016 from 10,420,496 shares on May 31,2016. With respect to the floated shares, the shorts are 6.4%. The days to cover are calculated to be 8, using the standard per day volume of 1,297,414 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Citrix Systems (NASDAQ:CTXS): The stock opened at $82.33 on Friday but the bulls could not build on the opening and the stock topped out at $83.50 for the day. The stock traded down to $80.49 during the day, due to lack of any buying support eventually closed down at $80.55 with a loss of -6.72% for the day. The stock had closed at $86.35 on the previous day. The total traded volume was 2,358,743 shares.
The company shares have rallied 15.42% from its 1 Year high price. On Apr 21, 2016, the shares registered one year high at $90.00 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $84.41 and the 200 Day Moving Average price is recorded at $76.84.
Citrix Systems (NASDAQ:CTXS) has tumbled 3.89% during the past week and has dropped 5.79% 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 2.29%. Citrix Systems (NASDAQ:CTXS) has underperformed the index by 2.94% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Citrix Systems, Inc. provides virtualization, mobility management, networking and SaaS solutions to businesses. The Companys solutions offer secure, mobile workspaces that provide people with access to apps, desktops, data and communications on any device, over any network or cloud. It markets and licenses its products directly to customers. The Company operates through two segments: Enterprise and Service Provider division and the Mobility Apps division. Enterprise and Service Provider divisions Workspace services include mobile platforms, desktop and application virtualization, citrix workspace suite and delivery networking. Its Mobility Apps applications include communications cloud, documents cloud and workflow cloud. It also offers Professional Services and Technology products, which include Citrix HDX, FlexCast, Citrix personalization technologies, NetScaler Software Packet Engine, ByteMobile Adaptive Traffic Management System, XenMobile and Citrix Internet, among others.