ServiceNow June 15th Short Interest Update

ServiceNow (NYSE:NOW), According to the latest information the short interest in ServiceNow, Inc. shot up by 15% or 1,357,475 shares. The final shorts are 6.7% of the total floated shares. The positions increased from 9,047,349 shares on May 31,2016 to 10,404,824 on June 15,2016. According to the per-day average trading of 1,434,755 shares, the days to cover are 7. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

ServiceNow (NYSE:NOW): The stock opened at $72.57 on Friday but the bulls could not build on the opening and the stock topped out at $73.22 for the day. The stock traded down to $70.21 during the day, due to lack of any buying support eventually closed down at $70.33 with a loss of -6.45% for the day. The stock had closed at $75.18 on the previous day. The total traded volume was 2,646,412 shares.

The company shares have dropped -4.66% from its 1 Year high price. On Dec 4, 2015, the shares registered one year high at $91.28 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $71.66 and the 200 Day Moving Average price is recorded at $68.97.

ServiceNow (NYSE:NOW) has tumbled 2.41% during the past week and has dropped 0.57% in the last 4 week period. The stocks have underperformed the S&P 500 by 0.79% during the past week but ServiceNow (NYSE:NOW) it has outperformed the index in 4 weeks by 2.44%.

ServiceNow, Inc. is a provider of cloud-based solutions that define, structure, manage and automate services across the global enterprise. The Company provides cloud-based service management solutions that address the needs of a range of departments within an organization, including IT, human resources (HR), facilities, field service, marketing, legal and finance. It also provides business management and IT operations management solutions that facilitate the delivery of services across the enterprise. The Company markets its services to enterprises in a variety of industries, including financial services, consumer products, IT services, health care and technology. The Company offers a portfolio of services, including Professional Services, Education Services and Customer Support. The Company provides its services from data centers located in Australia, Brazil, Canada, Hong Kong, the Netherlands, Singapore, Switzerland, the United Kingdom and the United States.

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