ModusLink Global Solutions Inc (NASDAQ:MLNK) encountered a rise of 0.4% or 23,167 shares in the short positions. The number escalated from 5,993,798 on May 31,2016 to 6,016,965 on June 15,2016. The final interest is 11.6% of the floated stock. The days to cover figure of 31 can be arrived using the average daily exchange of 193,469 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
ModusLink Global Solutions Inc (NASDAQ:MLNK): The stock opened at $1.20 on Friday but the bulls could not build on the opening and the stock topped out at $1.24 for the day. The stock traded down to $1.15 during the day, due to lack of any buying support eventually closed down at $1.19 with a loss of -2.06% for the day. The stock had closed at $1.22 on the previous day. The total traded volume was 3,999,696 shares.
The company shares have dropped -65.10% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $3.55 and the one year low was seen on Jun 24, 2016. The 50-Day Moving Average price is $1.40 and the 200 Day Moving Average price is recorded at $1.78.
ModusLink Global Solutions Inc (NASDAQ:MLNK) has tumbled 13.77% during the past week and has dropped 15% 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 12.34%. ModusLink Global Solutions Inc (NASDAQ:MLNK) has underperformed the index by 12.43% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
ModusLink Global Solutions, Inc. is a provider of supply chain and logistics services through its subsidiaries, ModusLink Corporation and ModusLink PTS, Inc. The Company provides services to companies, including consumer electronics, communications, computing, luxury goods, medical devices, consumer packaged goods, software, storage and retail. It operates through four segments: Americas, Asia, Europe and e-business. Its supply chain business operations core solutions include value-added warehousing and distribution, repair and recovery, returns management, e-commerce, contact center, financial management, enhanced planning and integrated collaboration (EPIC), and material planning and factory supply. Its aftermarket services include product returns management, and product repair and recovery. Its e-business services include e-commerce, contact center and financial management. The Company operates in approximately 25 sites across North America, Europe and the Asia Pacific region.