Marin Software Incorporated June 15th Short Interest Update

The short interest in Marin Software Incorporated (NYSE:MRIN) has increased from 1,866,078 on May 31,2016 to 1,868,556 on June 15,2016. The change was measured at 2,478 shares or 0.1%. The leftover shorts were 6.8% of the floated shares. The days to cover are 10, given the average daily volume of 179,462 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Marin Software Incorporated (NYSE:MRIN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.30 and $2.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.52. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.40, notching a gain of 0.42% for the day. The total traded volume was 3,762,297 . The stock had closed at $2.39 on the previous day.

The company shares have dropped -64.44% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $7.08 and the one year low was seen on May 6, 2016. The 50-Day Moving Average price is $2.33 and the 200 Day Moving Average price is recorded at $2.94.

Marin Software Incorporated (NYSE:MRIN) has tumbled 0.83% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.27% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.82% and the outperformance has advanced to 4.33% for the last 4 weeks period.

Marin Software Incorporated provides a cross-channel advertising cloud platform. The Companys platform enables digital marketers in performance of their online advertising campaigns. Its integrated platform is a software-as-a-service (SaaS) analytics, workflow and optimization solution for marketing professionals. Advertisers use its platform to create, target and convert audiences based on buying signals from users search, social and display interactions. Its platform is integrated with publishers, such as Baidu, Bing, Facebook, Google, Twitter, Yandex, Yahoo! and Yahoo! Japan. Additionally, it has integrations with around 45 Web analytics and advertisement-serving solutions and enterprise applications, enabling customers to measure the return on investment of their marketing programs. Its hardware consists of servers and network infrastructure. Its operating system is Linux. Its software platform is character-set, language, currency, and time-zone independent.

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