DEMANDWARE (NYSE:DWRE) has seen a shortfall of 2,615,415 shares or 51.8% in the short interest. The remaining shorts are 7.1% of the total floated shares. The net short interest, as on June 15,2016, stood at 2,431,597 shares and the stocks days to cover will be 1 by factoring in the average per day volume of 3,586,219 shares. On May 31,2016, 5,047,012 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
DEMANDWARE (NYSE:DWRE): The stock opened at $74.77 on Friday but the bulls could not build on the opening and the stock topped out at $74.92 for the day. The stock traded down to $74.73 during the day, due to lack of any buying support eventually closed down at $74.90 with a loss of -0.01% for the day. The stock had closed at $74.91 on the previous day. The total traded volume was 2,861,860 shares.
The company shares have rallied 8.63% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $75.90 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $59.82 and the 200 Day Moving Average price is recorded at $46.52.
DEMANDWARE (NYSE:DWRE) has climbed 0.05% in the past week and advanced 61.49% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.71% and the outperformance has advanced to 66.38% for the last 4 weeks period.
Demandware, Inc. is a provider of enterprise-class cloud-based digital commerce solutions, which includes ecommerce, order management and predictive intelligence applications, for retailers and branded manufacturers. The Companys solution, Demandware Commerce, is a combination of its cloud platform, community and related services that enables customers to establish and execute digital commerce solutions. Its solutions include global expansion, multi-brand, multi-site rollouts, omni-channel and in-store operations, as well as single platform, or unified commerce platform, solutions. A component of its solution is the Companys ecosystem of trusted partners called Demandware LINK that complements the Demandware Commerce Cloud. Demandware LINK is comprised of technology, solution and end-to end partners. LINK Technology Partners provide customers with access to technologies that complement the Demandware Commerce Cloud through pre-built integrations.