Hortonworks (NASDAQ:HDP) reported a rise of 2.4% or 163,187 shares in its short interest. The short figure came in at 19.4% of the total floats. The average daily volume of 562,222 shares suggests that the days to cover 6,905,723 short positions, as on June 15,2016, will be 12. On May 31,2016, the short interest was 6,742,536 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Hortonworks (NASDAQ:HDP): The stock opened at $10.71 on Friday but the bulls could not build on the opening and the stock topped out at $11.14 for the day. The stock traded down to $10.56 during the day, due to lack of any buying support eventually closed down at $10.61 with a loss of -7.34% for the day. The stock had closed at $11.45 on the previous day. The total traded volume was 4,115,212 shares.
The company shares have dropped -58.00% from its 1 Year high price. On Aug 6, 2015, the shares registered one year high at $28.91 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $10.97 and the 200 Day Moving Average price is recorded at $12.67.
Hortonworks (NASDAQ:HDP) has tumbled 1.94% during the past week and has dropped 7.66% 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 0.31%. Hortonworks (NASDAQ:HDP) has underperformed the index by 4.86% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Hortonworks, Inc. is a provider and distributor of an enterprise-grade Hadoop solution called the Hortonworks Data Platform (HDP). The Companys platform integrates with data center technologies to enable data architectures and enables its customers to collect, store, process and analyze existing and new data types in a way that augments rather than replaces their existing data center infrastructure. It provides support subscription offerings and related professional services around the HDP, which is its open source software distribution of Apache Hadoop and associated projects. Its products include Hortonworks Data Platform and Hortonworks Sandbox. Its range of professional services are training and consulting. It caters to vertical markets, including online services, education, financial services, Government, healthcare/pharmaceuticals, industrials/manufacturing, media/entertainment, retail/ecommerce, technology and telecommunications.