Lions Gate Entertainment Corporation (NYSE:LGF) has seen a rise of 1,755,325 shares or 13.1% in the short interest. The remaining shorts are 11.9% of the total floated shares. The net short interest, as on June 15,2016, stood at 15,177,822 shares and the stocks days to cover will be 7 by factoring in the average per day volume of 2,271,036 shares. On May 31,2016, 13,422,497 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Lions Gate Entertainment Corporation (NYSE:LGF): The stock opened at $20.88 on Friday but the bulls could not build on the opening and the stock topped out at $21.36 for the day. The stock traded down to $20.50 during the day, due to lack of any buying support eventually closed down at $20.65 with a loss of -5.06% for the day. The stock had closed at $21.75 on the previous day. The total traded volume was 2,898,030 shares.
The company shares have dropped -43.76% from its 1 Year high price. On Nov 12, 2015, the shares registered one year high at $41.41 and the one year low was seen on Feb 5, 2016. The 50-Day Moving Average price is $21.22 and the 200 Day Moving Average price is recorded at $23.79.
Lions Gate Entertainment Corporation (NYSE:LGF) has tumbled 3.23% during the past week and has dropped 5.45% 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 1.63%. Lions Gate Entertainment Corporation (NYSE:LGF) has underperformed the index by 2.59% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Lions Gate Entertainment Corp. is engaged in motion picture production and distribution, television programming and syndication, home entertainment, digital distribution, channel platforms and international distribution and sales. The Company operates through two segments: Motion Pictures and Television Production. The Companys Motion Pictures segment consists of the development and production of feature films, acquisition of North American and global distribution rights, North American theatrical, home entertainment and television distribution of feature films produced and acquired, and global licensing of distribution rights to feature films produced and acquired. The Companys Television Production segment consists of the development, production and global distribution of television productions, including television series, television movies and mini-series and non-fiction programming.