Moodys Corporation (NYSE:MCO) has seen a rise of 150,760 shares or 2.5% in the short interest. The remaining shorts are 3.2% of the total floated shares. The net short interest, as on June 15,2016, stood at 6,199,134 shares and the stocks days to cover will be 6 by factoring in the average per day volume of 1,011,685 shares. On May 31,2016, 6,048,374 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Moodys Corporation (NYSE:MCO): The stock opened at $96.84 on Friday but the bulls could not build on the opening and the stock topped out at $97.49 for the day. The stock traded down to $93.57 during the day, due to lack of any buying support eventually closed down at $93.66 with a loss of -7.91% for the day. The stock had closed at $101.70 on the previous day. The total traded volume was 3,749,711 shares.
The company shares have dropped -12.61% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $113.87 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $97.21 and the 200 Day Moving Average price is recorded at $94.14.
Moodys Corporation (NYSE:MCO) has tumbled 3.13% during the past week and has dropped 5.14% 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 1.53%. Moodys Corporation (NYSE:MCO) has underperformed the index by 2.26% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Moodys Corporation (Moodys) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services; quantitative credit risk measures, financial services training and certification services, and outsourced research and analytical services to financial institution customers. The Company operates in two segments: Moodys Investors Service (MIS) and Moodys Analytics (MA). The Companys MIS segment publishes credit ratings on a range of debt obligations and the entities that issue such obligations in markets across the world, including various corporate and Governmental obligations, structured finance securities and commercial paper programs. The Companys MA segment develops a range of products and services that support financial analysis and risk management activities of institutional participants in financial markets.