Ingram Micro June 15th Short Interest Update

Ingram Micro (NYSE:IM) has witnessed a drop of 3.4% or 82,712 shares in its short figure. The short interest diminution took it from 2,403,539 on May 31,2016 to 2,320,827 on June 15,2016. In terms of floated shares, the short interest was calculated to be 1.6%. The days to cover are 3 given that the daily volume averaged 904,808 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Ingram Micro (NYSE:IM): The stock opened at $34.74 on Friday but the bulls could not build on the opening and the stock topped out at $35.23 for the day. The stock traded down to $34.74 during the day, due to lack of any buying support eventually closed down at $34.79 with a loss of -1.14% for the day. The stock had closed at $35.19 on the previous day. The total traded volume was 2,578,670 shares.

The company shares have rallied 37.24% from its 1 Year high price. On Mar 7, 2016, the shares registered one year high at $36.66 and the one year low was seen on Jul 27, 2015. The 50-Day Moving Average price is $34.58 and the 200 Day Moving Average price is recorded at $33.12.

Ingram Micro (NYSE:IM) has climbed 0.03% in the past week and advanced 0.06% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.69% and the outperformance has advanced to 3.09% for the last 4 weeks period.

Ingram Micro Inc. (Ingram Micro) is an information technology (IT) supply chain management, mobile device lifecycle services and logistics solutions company. The Company distributes and markets technology products all over the world from the industrys computer hardware suppliers, mobility hardware suppliers, networking equipment suppliers, software publishers, and other suppliers of computer peripherals, consumer electronics (CE), unified communication and collaboration, automatic identification and data capture (AIDC)/point-of-sale (POS), and physical security products. The Company has operations in 38 countries, spanning all global regions: North America, Europe, Asia-Pacific and Latin America. The Company also operates support centers in Argentina, Bulgaria, Costa Rica, India, Philippines and Puerto Rico.

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