Ixia June 15th Short Interest Update

Ixia (NASDAQ:XXIA), A drop of 110,854 shares or 8.8% was seen in the short interest of Ixia. Even as the interest dropped from 1,261,591 shares on May 31,2016 to 1,150,737 shares on June 15,2016, the days to cover came in at 4. The updated interest stood at 2% of the stocks floats. The stock has seen an average daily volume of 312,450 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Ixia (NASDAQ:XXIA): The stock opened at $9.74 on Friday but the bulls could not build on the opening and the stock topped out at $9.90 for the day. The stock traded down to $9.52 during the day, due to lack of any buying support eventually closed down at $9.53 with a loss of -6.93% for the day. The stock had closed at $10.24 on the previous day. The total traded volume was 2,737,923 shares.

The company shares have dropped -23.64% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $16.05 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $9.95 and the 200 Day Moving Average price is recorded at $10.74.

Ixia (NASDAQ:XXIA) has tumbled 4.8% during the past week and has dropped 7.02% 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 3.22%. Ixia (NASDAQ:XXIA) has underperformed the index by 4.21% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Ixia is a provider of application performance and security resilience network test and network visibility solutions. The Companys solutions are used by enterprises, service providers, network equipment manufacturers, and governments. The Companys network test and network visibility product solutions consist of hardware platforms, including chassis, interface cards and appliances, software application tools and services, including its warranty and maintenance offerings, and professional services. The Companys manufacturing and supply operations consist primarily of supply chain management, procurement, quality control, logistics, final assembly, configuration testing, fulfillment and logistics. The Companys customers include Network Equipment Manufacturers (NEMs), Service Providers and Enterprises, and Government.

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