CDW Corporation June 15th Short Interest Update

CDW Corporation (NASDAQ:CDW) has shown a drop of 18.3% or 1,063,683 shares in the short positions. The bets have increased to 4,741,655 shares on June 15,2016 from 5,805,338 shares on May 31,2016. With respect to the floated shares, the shorts are 2.9%. The days to cover are calculated to be 5, using the standard per day volume of 945,735 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

CDW Corporation (NASDAQ:CDW): The stock opened at $40.25 on Friday but the bulls could not build on the opening and the stock topped out at $41.02 for the day. The stock traded down to $39.64 during the day, due to lack of any buying support eventually closed down at $39.69 with a loss of -4.89% for the day. The stock had closed at $41.73 on the previous day. The total traded volume was 3,295,996 shares.

The company shares have rallied 14.78% from its 1 Year high price. On Nov 6, 2015, the shares registered one year high at $46.92 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $41.88 and the 200 Day Moving Average price is recorded at $40.61.

CDW Corporation (NASDAQ:CDW) has tumbled 2.05% during the past week and has dropped 5.41% 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 0.42%. CDW Corporation (NASDAQ:CDW) has underperformed the index by 2.55% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States and Canada. Its offerings include mobility, security, data center optimization, cloud computing, virtualization and collaboration. The Company offers products for Corporate and Public. Corporate offerings are offered for private sector business customers. Public customers include Government agencies and education and healthcare institutions. CDW has three segments, CDW Advanced Services, Canada and Kelway TopCo Limited (Kelway). The Company is a sales channel partner for many original equipment manufacturers (OEMs) and software publishers (collectively, its vendor partners), whose products it sells or include in the solutions CDW offers. The Company helps its customer base of more than 250,000 small, medium and large business, government, education and healthcare customers by delivering solutions to their IT needs.

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