Zebra Technologies Corporation (NASDAQ:ZBRA) has seen a rise of 409,292 shares or 13.3% in the short interest. The remaining shorts are 7% of the total floated shares. The net short interest, as on June 15,2016, stood at 3,480,610 shares and the stocks days to cover will be 6 by factoring in the average per day volume of 614,096 shares. On May 31,2016, 3,071,318 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Zebra Technologies Corporation (NASDAQ:ZBRA): The stock opened at $56.74 on Friday but the bulls could not build on the opening and the stock topped out at $57.35 for the day. The stock traded down to $54.15 during the day, due to lack of any buying support eventually closed down at $54.55 with a loss of -7.75% for the day. The stock had closed at $59.13 on the previous day. The total traded volume was 2,037,266 shares.
The company shares have dropped -49.95% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $117.00 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $54.27 and the 200 Day Moving Average price is recorded at $61.81.
Zebra Technologies Corporation (NASDAQ:ZBRA) has tumbled 4.18% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.28% in the last four weeks. The stocks have underperformed the S&P 500 by 2.59% during the past week but Zebra Technologies Corporation (NASDAQ:ZBRA) it has outperformed the index in 4 weeks by 6.4%.
Zebra Technologies Corporation offers enterprise asset intelligence products and services. The Companys products and services allow customers to manage their assets, transactions and people of their organization. It designs, manufactures and sells a range of products, including enterprise mobile computers; advanced data capture devices; wireless local area network (WLAN) products; real-time location systems; related supplies, and utilities, frameworks and application software. It operates through two segments: Enterprise, which consists of its mobile computing, data capture and WLAN products, and Legacy Zebra, which consists of barcode and card printing, location, and motion sensing and supplies products. It provides a platform, iFactr, which offers the migration path for Windows Mobile/CE.NET compact framework applications. In addition, it provides solutions in enterprise mobile space, including modernizing rugged deployments, as well as creating cross-platform applications.