Discovery Communications June 15th Short Interest Update

Discovery Communications (NASDAQ:DISCK) reported a drop of 2.6% or 89,204 shares in its short interest. The short figure came in at 1.4% of the total floats. The average daily volume of 1,649,473 shares suggests that the days to cover 3,380,612 short positions, as on June 15,2016, will be 2. On May 31,2016, the short interest was 3,469,816 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Discovery Communications (NASDAQ:DISCK): The stock opened at $24.12 on Friday but the bulls could not build on the opening and the stock topped out at $24.19 for the day. The stock traded down to $23.29 during the day, due to lack of any buying support eventually closed down at $23.35 with a loss of -7.01% for the day. The stock had closed at $25.11 on the previous day. The total traded volume was 2,876,059 shares.

The company shares have dropped -24.68% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $32.78 and the one year low was seen on Jun 24, 2016. The 50-Day Moving Average price is $26.05 and the 200 Day Moving Average price is recorded at $26.23.

Discovery Communications (NASDAQ:DISCK) has tumbled 5.66% during the past week and has dropped 11.45% 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 4.09%. Discovery Communications (NASDAQ:DISCK) has underperformed the index by 8.77% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Discovery Communications, Inc. (Discovery) is a media company. The Company provides content across multiple distribution platforms, including pay-TV, free-to-air and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Discovery operates in three segments: U.S. Networks, consisting of domestic television networks and Websites; International Networks, consisting of international television networks and Websites, and Education and Other. The Companys U.S. Networks segment consists of national television networks. The U.S. Networks segment owns and operates 10 national television networks. The Companys International Networks segment consists of national and pan-regional television networks. The Companys Education and Other segment consists of curriculum-based product and service offerings, and production studios. The Companys subsidiaries include Discovery Holding Company (DHC) and Discovery Communications Holding, LLC (DCH).

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