Enphase Energy June 15th Short Interest Update

Enphase Energy (NASDAQ:ENPH) has witnessed a rise of 0.9% or 47,124 shares in its short figure. The short interest augmentation took it from 5,176,787 on May 31,2016 to 5,223,911 on June 15,2016. In terms of floated shares, the short interest was calculated to be 15.8%. The days to cover are 22 given that the daily volume averaged 241,247 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Enphase Energy (NASDAQ:ENPH): The stock opened at $2.08 on Friday but the bulls could not build on the opening and the stock topped out at $2.29 for the day. The stock traded down to $2.05 during the day, due to lack of any buying support eventually closed down at $2.08 with a loss of -8.77% for the day. The stock had closed at $2.28 on the previous day. The total traded volume was 2,879,809 shares.

The company shares have dropped -73.47% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $8.08 and the one year low was seen on Nov 20, 2015. The 50-Day Moving Average price is $2.02 and the 200 Day Moving Average price is recorded at $2.42.

Enphase Energy (NASDAQ:ENPH) has tumbled 1.89% during the past week and has dropped 1.42% in the last 4 week period. The stocks have underperformed the S&P 500 by 0.26% during the past week but Enphase Energy (NASDAQ:ENPH) it has outperformed the index in 4 weeks by 1.56%.

Enphase Energy, Inc. (Enphase) is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic (PV) industry. The Companys semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level. The Companys microinverter system consists of three components, such as Enphase microinverter, which delivers power conversion at the individual solar module level; Envoy communications gateway, which is installed in the system owners home or business and serves as a networking hub that collects data from the microinverter array, and Enlighten Web-based software, which collects and analyzes the collected data from the microinverter array. The Company offers microinverter systems to the residential and commercial markets in the United States, Canada, the United Kingdom, France, the Benelux region, certain other European markets, Australia and New Zealand.

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