SunPower Corporation June 15th Short Interest Update

SunPower Corporation (NASDAQ:SPWR) stated loss of 400,776 shares or 2.6% in the short interest. The short interest registered from 15,370,591 on May 31,2016 to 14,969,815 on June 15,2016. In terms of floated shares, the shorted positions stood at 25.6%. The stock has been averaging 2,043,701 shares daily in trading and would need 7 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

SunPower Corporation (NASDAQ:SPWR): The stock opened at $14.50 on Friday but the bulls could not build on the opening and the stock topped out at $14.87 for the day. The stock traded down to $13.92 during the day, due to lack of any buying support eventually closed down at $14.16 with a loss of -8.47% for the day. The stock had closed at $15.47 on the previous day. The total traded volume was 3,012,986 shares.

The company shares have dropped -50.71% from its 1 Year high price. On Dec 24, 2015, the shares registered one year high at $31.10 and the one year low was seen on Jun 24, 2016. The 50-Day Moving Average price is $16.29 and the 200 Day Moving Average price is recorded at $21.78.

SunPower Corporation (NASDAQ:SPWR) has tumbled 4.32% during the past week and has dropped 17.96% 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 2.74%. SunPower Corporation (NASDAQ:SPWR) has underperformed the index by 15.48% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

SunPower Corporation (SunPower) is a global energy company. The Company provides design, manufacturing, installation, ongoing maintenance and monitoring and adjacent services. The Company provides solar technology to residential, commercial and utility customers worldwide. The Company operates through three segments: the Americas Segment, the EMEA Segment and the APAC Segment. The Company offers solar power components, solar power systems and residential leases. The Company sells panels and balance of system components, primarily to dealers, system integrators and distributors. The Company designs, manufactures, and sells rooftop and ground-mounted solar power systems under construction and development agreements. The Company offers post-installation systems monitoring and maintenance in connection with its construction contracts and commercial power purchase.

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