GrubHub (NYSE:GRUB) has witnessed a drop of 8.1% or 2,298,108 shares in its short figure. The short interest diminution took it from 28,246,813 on May 31,2016 to 25,948,705 on June 15,2016. In terms of floated shares, the short interest was calculated to be 32.1%. The days to cover are 14 given that the daily volume averaged 1,865,026 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
GrubHub (NYSE:GRUB): The stock opened at $28.61 on Friday but the bulls could not build on the opening and the stock topped out at $30.37 for the day. The stock traded down to $28.61 during the day, due to lack of any buying support eventually closed down at $30.10 with a loss of -1.86% for the day. The stock had closed at $30.67 on the previous day. The total traded volume was 2,452,717 shares.
The company shares have dropped -9.64% from its 1 Year high price. On Jul 28, 2015, the shares registered one year high at $36.31 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $26.62 and the 200 Day Moving Average price is recorded at $24.08.
GrubHub (NYSE:GRUB) has climbed 0.1% in the past week and advanced 20.55% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.76% and the outperformance has advanced to 24.19% for the last 4 weeks period.
GrubHub Inc. is an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 30,000 local restaurants with diners in more than 800 cities across the United States. The Companys target market is primarily composed of independent restaurants. The Company provides diners on the platform with a personalized platform that helps them search for local restaurants and then place an order from an Internet-connected device. It also provides diners with information about their orders and status. In addition, the Company enables re-ordering by storing previous orders, preferences and payment information. The Companys products include GrubHub and seamless Websites, GrubHub and seamless mobile applications and mobile Website, seamless corporate program, allmenus and menupages, orderhub and boost, restaurant Websites and delivery.