Rackspace Hosting Inc June 15th Short Interest Update

Rackspace Hosting Inc (NYSE:RAX) has shown a rise of 2.2% or 356,186 shares in the short positions. The bets have increased to 16,876,122 shares on June 15,2016 from 16,519,936 shares on May 31,2016. With respect to the floated shares, the shorts are 16.1%. The days to cover are calculated to be 11, using the standard per day volume of 1,561,959 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Rackspace Hosting Inc (NYSE:RAX): The stock opened at $21.86 on Friday but the bulls could not build on the opening and the stock topped out at $21.87 for the day. The stock traded down to $21.38 during the day, due to lack of any buying support eventually closed down at $21.55 with a loss of -6.06% for the day. The stock had closed at $22.94 on the previous day. The total traded volume was 3,452,430 shares.

The company shares have dropped -41.73% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $39.37 and the one year low was seen on Feb 17, 2016. The 50-Day Moving Average price is $23.45 and the 200 Day Moving Average price is recorded at $22.42.

Rackspace Hosting Inc (NYSE:RAX) has tumbled 2.71% during the past week and has dropped 13.56% 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 1.09%. Rackspace Hosting Inc (NYSE:RAX) has underperformed the index by 10.94% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Rackspace Hosting, Inc. (Rackspace) operates in the managed cloud segment of the business information technology (IT) market. The Company offers a portfolio of integrated IT solutions for common business needs, including for e-commerce, Web content management, Website hosting, data services, office mail and collaboration, and private clouds. It also offers advisory services for technology strategy, security and compliance, application assessment and migration, and DevOps automation. The Company also offers its solutions across a variety of IT form factors, including multi-tenant public cloud, dedicated single-tenant servers, private cloud, and hybrid cloud. It also delivers managed services, and Fanatical Support across its entire product portfolio. The Company sells its services to business customers in more than 120 countries. The Company has operations located across the United States, as well as in London, Amsterdam, Zurich, Hong Kong, Sydney and Mexico City.

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