Inovalon Holdings June 15th Short Interest Update

Inovalon Holdings (NASDAQ:INOV) stated gains of 706,090 shares or 9.3% in the short interest. The short interest registered from 7,590,739 on May 31,2016 to 8,296,829 on June 15,2016. In terms of floated shares, the shorted positions stood at 14.4%. The stock has been averaging 587,175 shares daily in trading and would need 14 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Inovalon Holdings (NASDAQ:INOV): The stock opened at $17.16 on Friday but the bulls could not build on the opening and the stock topped out at $17.54 for the day. The stock traded down to $17.13 during the day, due to lack of any buying support eventually closed down at $17.42 with a loss of -1.80% for the day. The stock had closed at $17.74 on the previous day. The total traded volume was 3,244,690 shares.

The company shares have dropped -35.96% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $28.38 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $17.84 and the 200 Day Moving Average price is recorded at $17.85.

Stocks of Inovalon Holdings (NASDAQ:INOV) rallied by 2.96% during the past week but lost 6.89% on a 4-week basis. The company has outperformed the S&P 500 by 4.66% in the past week but underperformed the index by 4.08% in the last 4 weeks.

Inovalon Holdings, Inc. is a technology company. The Company combines advanced cloud-based data analytics and data-driven intervention platforms to provide services for health plans, hospitals, physicians, patients, pharmaceutical companies and researchers. Through its datasets, integration technologies, predictive analytics and subject matter expertise, the Company delivers platforms. Its analytics identify gaps in care, quality, data integrity, and financial performance, while providing clients with capabilities to resolve these gaps. The Companys data analytics and intervention platforms consist of four primary components: data integration, advanced analytics, intervention platforms and business processing. This system manages the process of defining and configuring industry data feeds from its clients and partners, including electronic health records, laboratory, pharmacy, patient reported, claims, paper based medical records, biometric, and hospital data feeds.

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