Akamai Technologies (NASDAQ:AKAM) reported a rise of 2.3% or 266,702 shares in its short interest. The short figure came in at 7% of the total floats. The average daily volume of 1,216,159 shares suggests that the days to cover 11,873,377 short positions, as on June 15,2016, will be 10. On May 31,2016, the short interest was 11,606,675 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Akamai Technologies (NASDAQ:AKAM): The stock opened at $54.96 on Friday but the bulls could not build on the opening and the stock topped out at $55.74 for the day. The stock traded down to $53.17 during the day, due to lack of any buying support eventually closed down at $53.35 with a loss of -6.68% for the day. The stock had closed at $57.17 on the previous day. The total traded volume was 3,494,509 shares.
The company shares have dropped -22.88% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $76.98 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $52.98 and the 200 Day Moving Average price is recorded at $51.82.
Stocks of Akamai Technologies (NASDAQ:AKAM) rallied by 0.3% during the past week but lost 1.57% on a 4-week basis. In the past week, the company has outperformed the S&P 500 by 1.97% and the outperformance has advanced to 1.41% for the last 4 weeks period.
Akamai Technologies, Inc. is a provider of cloud services for delivering, optimizing and securing online content and business applications. Its solutions include delivery of conventional content on Websites, tools that support the delivery and operation of cloud-based applications, as well as security solutions, and live and on-demand streaming video capabilities. The Companys solutions include Media Delivery Solutions, Performance and Security Solutions, and Service and Support Solutions. Media Delivery Solutions are designed to enable enterprises to execute their digital media distribution strategies. Performance and Security Solutions are designed to utilize the Companys core content and application delivery technologies of the Company to make the Internet work better. Service and Support Solutions offer professional services and solutions.