CDK Global June 15th Short Interest Update

CDK Global (NASDAQ:CDK), A drop of 514,284 shares or 15.8% was seen in the short interest of CDK Global, Inc.. Even as the interest dropped from 3,260,787 shares on May 31,2016 to 2,746,503 shares on June 15,2016, the days to cover came in at 4. The updated interest stood at 1.8% of the stocks floats. The stock has seen an average daily volume of 781,253 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

CDK Global (NASDAQ:CDK): The stock opened at $53.94 on Friday but the bulls could not build on the opening and the stock topped out at $54.94 for the day. The stock traded down to $53.48 during the day, due to lack of any buying support eventually closed down at $54.57 with a loss of -2.61% for the day. The stock had closed at $56.03 on the previous day. The total traded volume was 2,006,280 shares.

The company shares have rallied 0.26% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $58.16 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $54.41 and the 200 Day Moving Average price is recorded at $47.89.

CDK Global (NASDAQ:CDK) has tumbled 0.64% during the past week and has dropped 1.07% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 1.01% and the outperformance has advanced to 1.92% for the last 4 weeks period.

CDK Global, Inc. is a global provider, both integrated technology and digital marketing/advertising solutions to the automotive retail industry. The Companys solutions automate and integrate critical workflow processes from pre-sale targeted advertising and marketing campaigns to the sale, financing, insurance, parts supply, repair and maintenance of vehicles, with an increasing focus on utilizing big data analytics and predictive intelligence. The Companys solutions address the entire automotive retailers value chain. The Company operates in three segments: Automotive Retail Solutions North America (North American Automotive Retail), Automotive Retail Solutions International (International Automotive Retail), and Digital Marketing Solutions (Digital Marketing).

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.