DISH Network Corporation June 15th Short Interest Update

DISH Network Corporation (NASDAQ:DISH), A reduction of 664,896 shares or 7.3% was observed in the short interest of DISH Network Corporation – Class A Common Stock The interest on June 15,2016 came in at 8,451,710 shares and as per the average daily trading of 3,377,902 shares, the days to cover are 3. The reduced interest is 3.9% of the floated shares. The data of May 31,2016 put the interest at 9,116,606 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

DISH Network Corporation (NASDAQ:DISH): The stock opened at $51.18 on Friday but the bulls could not build on the opening and the stock topped out at $52.18 for the day. The stock traded down to $50.41 during the day, due to lack of any buying support eventually closed down at $50.59 with a loss of -5.44% for the day. The stock had closed at $53.50 on the previous day. The total traded volume was 3,725,418 shares.

The company shares have dropped -25.62% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $69.92 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $50.16 and the 200 Day Moving Average price is recorded at $49.68.

DISH Network Corporation (NASDAQ:DISH) has tumbled 4.55% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.35% in the last four weeks. The stocks have underperformed the S&P 500 by 2.96% during the past week but DISH Network Corporation (NASDAQ:DISH) it has outperformed the index in 4 weeks by 6.48%.

DISH Network Corporation is a holding company. The Company operates through two segments: DISH and Wireless. It offers a range of video services under the DISH brand, with access to a range of channels depending on the level of subscription. Its standard programming packages include programming provided by national broadcast networks, local broadcast networks and national and regional cable networks. It also offers programming packages that include sports channels, movie channels, and Latino and international programming. It also offers wireline voice and broadband services under the dishNET brand as a competitive local exchange carrier to consumers living in a 14 state region in the western United States. The Company also offers Sling TV, a live, linear streaming over-the-top (OTT) service, including 14 channels offered for a monthly subscription. The Company owns a range of wireless spectrum licenses and related assets. It owns 700 MHz Licenses, AWS-4 Licenses and H Block Licenses.

Leave a Reply

Get Pre-Market Alerts!

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