Splunk (NASDAQ:SPLK), A drop of 1,356,826 shares or 10.6% was seen in the short interest of Splunk Inc.. Even as the interest dropped from 12,863,418 shares on May 31,2016 to 11,506,592 shares on June 15,2016, the days to cover came in at 6. The updated interest stood at 8.9% of the stocks floats. The stock has seen an average daily volume of 1,994,622 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Splunk (NASDAQ:SPLK): The stock opened at $56.29 on Friday but the bulls could not build on the opening and the stock topped out at $57.19 for the day. The stock traded down to $54.46 during the day, due to lack of any buying support eventually closed down at $54.82 with a loss of -8.60% for the day. The stock had closed at $59.98 on the previous day. The total traded volume was 2,818,995 shares.
The company shares have dropped -19.45% from its 1 Year high price. On Jul 24, 2015, the shares registered one year high at $76.85 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $54.63 and the 200 Day Moving Average price is recorded at $49.71.
Splunk (NASDAQ:SPLK) has tumbled 5.38% during the past week and has dropped 2.7% in the last 4 week period. The stocks have underperformed the S&P 500 by 3.81% during the past week but Splunk (NASDAQ:SPLK) it has outperformed the index in 4 weeks by 0.25%.
Splunk Inc. is a provider of software products that allow organizations to gain real-time operational intelligence by harnessing the value of their data. The Companys products allow users to collect, index, search, explore, monitor and analyze data regardless of format or source. The Companys products address diverse data sets referred to as big data and are specifically tailored for machine-generated data. The Companys flagship product is Splunk Enterprise, which is a machine data engine, consisting of collection, indexing, search, reporting, analysis, alerting, and monitoring and data management capabilities. The Companys Splunk Cloud service delivers the core functionalities of Splunk Enterprise as a cloud service. In addition, the Company offers user behavioral analytics to help detect, respond to and mitigate advanced, hidden and insider threats.