Jabil Circuit June 15th Short Interest Update

Jabil Circuit (NYSE:JBL), A reduction of 419,838 shares or 5.7% was observed in the short interest of Jabil Circuit The interest on June 15,2016 came in at 6,887,352 shares and as per the average daily trading of 2,480,751 shares, the days to cover are 3. The reduced interest is 4% of the floated shares. The data of May 31,2016 put the interest at 7,307,190 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Jabil Circuit (NYSE:JBL): The stock opened at $19.00 on Friday but the bulls could not build on the opening and the stock topped out at $19.36 for the day. The stock traded down to $18.52 during the day, due to lack of any buying support eventually closed down at $18.53 with a loss of -6.88% for the day. The stock had closed at $19.90 on the previous day. The total traded volume was 3,995,210 shares.

The company shares have dropped -13.29% from its 1 Year high price. On Dec 4, 2015, the shares registered one year high at $26.00 and the one year low was seen on May 13, 2016. The 50-Day Moving Average price is $18.40 and the 200 Day Moving Average price is recorded at $19.79.

Jabil Circuit (NYSE:JBL) has tumbled 2.22% during the past week and has dropped 2.63% in the last 4 week period. The stocks have underperformed the S&P 500 by 0.59% during the past week but Jabil Circuit (NYSE:JBL) it has outperformed the index in 4 weeks by 0.32%.

Jabil Circuit, Inc. provides electronic manufacturing services and solutions. The Company provides electronic design, production and product management services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications and wearable technology industries. The Companys operating segments include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The EMS segment is focused around leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics. The DMS segment is focused on providing engineering solutions, heavy participation in consumer markets, access to higher growth markets and a focus on material sciences and technologies.

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