The short interest in Luxoft Holding (NYSE:LXFT) has increased from 1,676,073 on May 31,2016 to 1,708,957 on June 15,2016. The change was measured at 32,884 shares or 2%. The leftover shorts were 9.2% of the floated shares. The days to cover are 7, given the average daily volume of 234,212 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Luxoft Holding (NYSE:LXFT): The stock opened at $58.25 on Friday but the bulls could not build on the opening and the stock topped out at $58.25 for the day. The stock traded down to $53.38 during the day, due to lack of any buying support eventually closed down at $55.15 with a loss of -10.46% for the day. The stock had closed at $61.59 on the previous day. The total traded volume was 3,080,798 shares.
The company shares have dropped -3.70% from its 1 Year high price. On Dec 8, 2015, the shares registered one year high at $80.64 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $60.51 and the 200 Day Moving Average price is recorded at $61.71.
Luxoft Holding (NYSE:LXFT) has tumbled 2.99% during the past week and has dropped 14.18% 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 1.38%. Luxoft Holding (NYSE:LXFT) has underperformed the index by 11.58% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Luxoft Holding, Inc. is a provider of software development services and information technology (IT) solutions. The Companys software development services consist of custom software development and support, product engineering and testing and technology consulting. The Companys services ranges from handling standard outsourcing client-directed engagements to managed delivery and transformational engagements. The Companys products include Horizon, SuperCloud, Twister and iStockTrack. The Company focuses on six industry verticals: financial services, automotive and transport, telecommunications (telecom), travel and aviation, technology and energy. The Company serves multinational corporations primarily in Western Europe and North America that rely on its IT solutions and software development capabilities for many of their mission critical systems.