Omnicom Group (NYSE:OMC) has witnessed a rise of 6.7% or 1,175,903 shares in its short figure. The short interest augmentation took it from 17,518,521 on May 31,2016 to 18,694,424 on June 15,2016. In terms of floated shares, the short interest was calculated to be 7.9%. The days to cover are 11 given that the daily volume averaged 1,746,439 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Omnicom Group (NYSE:OMC): The stock opened at $82.17 on Friday but the bulls could not build on the opening and the stock topped out at $82.20 for the day. The stock traded down to $80.55 during the day, due to lack of any buying support eventually closed down at $80.69 with a loss of -5.03% for the day. The stock had closed at $84.96 on the previous day. The total traded volume was 3,364,265 shares.
The company shares have rallied 16.60% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $85.95 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $83.05 and the 200 Day Moving Average price is recorded at $78.81.
Omnicom Group (NYSE:OMC) has tumbled 0.81% during the past week and has dropped 2.36% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 0.83% and the outperformance has advanced to 0.59% for the last 4 weeks period.
Omnicom Group Inc. is a holding company. The Company provides advertising, marketing and corporate communications services. The Companys branded networks and agencies operate in markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications. Its services in these disciplines include advertising, brand consultancy, content marketing, corporate social responsibility consulting, crisis communications, data analytics and database management, among others. Its advertising brands include BBDO Worldwide, DDB Worldwide and TBWA Worldwide. The Companys branded agency networks operate in geographic regions, including the Americas, which includes North America and Latin America; EMEA, which includes Europe, the Middle East and Africa, and Asia Pacific, which includes Australia, China, India, Japan, Korea, New Zealand, Singapore and other Asian countries.