Extreme Networks June 15th Short Interest Update

Extreme Networks (NASDAQ:EXTR) has shown a drop of 4.8% or 167,018 shares in the short positions. The bets have increased to 3,332,901 shares on June 15,2016 from 3,499,919 shares on May 31,2016. With respect to the floated shares, the shorts are 3.3%. The days to cover are calculated to be 8, using the standard per day volume of 416,776 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Extreme Networks (NASDAQ:EXTR): The stock opened at $3.40 on Friday but the bulls could not build on the opening and the stock topped out at $3.42 for the day. The stock traded down to $3.27 during the day, due to lack of any buying support eventually closed down at $3.29 with a loss of -8.10% for the day. The stock had closed at $3.58 on the previous day. The total traded volume was 2,925,634 shares.

The company shares have rallied 24.15% from its 1 Year high price. On Dec 3, 2015, the shares registered one year high at $4.55 and the one year low was seen on Jul 27, 2015. The 50-Day Moving Average price is $3.56 and the 200 Day Moving Average price is recorded at $3.35.

Extreme Networks (NASDAQ:EXTR) has tumbled 6.53% during the past week and has dropped 11.08% 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 4.98%. Extreme Networks (NASDAQ:EXTR) has underperformed the index by 8.39% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Extreme Networks, Inc., together with its subsidiaries, is a provider of wired and wireless network infrastructure equipment, software and services for enterprises, data centers and service providers. The Company sells its products through an ecosystem of the Company channel partners who combine its Ethernet products with their offerings to create information technology solutions for end user customers. Its product categories include modular Ethernet switching systems, stackable Ethernet switching systems, high-density wireless fidelity (WiFi), centralized management software, network access control (NAC) and bring your own device (BYOD) management, application analytics and software-defined networking (SDN). The Companys customers include businesses, hospitals, hotels, universities, sports venues, telecommunications companies and government agencies around the world.

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