International Game Technology (NYSE:IGT) reported a drop of 11.5% or 171,210 shares in its short interest. The short figure came in at 1.3% of the total floats. The average daily volume of 998,158 shares suggests that the days to cover 1,312,749 short positions, as on June 15,2016, will be 1. On May 31,2016, the short interest was 1,483,959 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
International Game Technology (NYSE:IGT): The stock opened at $18.66 on Friday but the bulls could not build on the opening and the stock topped out at $19.29 for the day. The stock traded down to $18.46 during the day, due to lack of any buying support eventually closed down at $18.89 with a loss of -3.03% for the day. The stock had closed at $19.48 on the previous day. The total traded volume was 3,984,540 shares.
The company shares have rallied 5.47% from its 1 Year high price. On Aug 11, 2015, the shares registered one year high at $20.03 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $18.35 and the 200 Day Moving Average price is recorded at $16.53.
International Game Technology (NYSE:IGT) has tumbled 0.53% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.12% and the outperformance has advanced to 5.08% for the last 4 weeks period.