Marketo (NASDAQ:MKTO) has shown a drop of 34% or 1,118,936 shares in the short positions. The bets have increased to 2,171,859 shares on June 15,2016 from 3,290,795 shares on May 31,2016. With respect to the floated shares, the shorts are 5.6%. The days to cover are calculated to be 1, using the standard per day volume of 2,072,936 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Marketo (NASDAQ:MKTO): The stock opened at $34.71 on Friday but the bulls could not build on the opening and the stock topped out at $34.85 for the day. The stock traded down to $34.61 during the day, due to lack of any buying support eventually closed down at $34.76 with a loss of -0.34% for the day. The stock had closed at $34.88 on the previous day. The total traded volume was 3,371,572 shares.
The company shares have rallied 27.05% from its 1 Year high price. On Jun 2, 2016, the shares registered one year high at $35.30 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $31.47 and the 200 Day Moving Average price is recorded at $23.63.
Marketo (NASDAQ:MKTO) has tumbled 0.49% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 7.95% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.16% and the outperformance has advanced to 11.22% for the last 4 weeks period.
Marketo, Inc. (Marketo) is engaged in providing cloud-based marketing solutions platform for the organizations ranging from small and medium businesses to largest enterprises, to engage in modern relationship marketing. The Companys platform provides the execution, management and analytical measurement of online, social, mobile and offline marketing activities and customer interactions in multi-channel business environment. The Companys platform offers an integrated suite of applications, which include marketing automation, sales insight, revenue analytics, marketing calendar, real-time personalization and social marketing. Its applications are complemented by the Marketo Marketing Nation, a network of more than 400 third-party solutions through the Companys LaunchPoint ecosystem. The Company has approximately 3,794 customers across a range of industries, including business services, consumer, financial services, healthcare, manufacturing, media, technology and telecommunications.