NetScout Systems June 15th Short Interest Update

NetScout Systems (NASDAQ:NTCT), A increase of 233,782 shares or 2.6% was observed in the short interest of NetScout Systems, Inc. The interest on June 15,2016 came in at 9,347,589 shares and as per the average daily trading of 824,509 shares, the days to cover are 11. The increased interest is 9.9% of the floated shares. The data of May 31,2016 put the interest at 9,113,807 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

NetScout Systems (NASDAQ:NTCT): The stock opened at $23.67 on Friday but the bulls could not build on the opening and the stock topped out at $23.94 for the day. The stock traded down to $23.11 during the day, due to lack of any buying support eventually closed down at $23.25 with a loss of -5.60% for the day. The stock had closed at $24.63 on the previous day. The total traded volume was 2,932,990 shares.

The company shares have dropped -36.20% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $41.34 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $23.76 and the 200 Day Moving Average price is recorded at $23.87.

NetScout Systems (NASDAQ:NTCT) has tumbled 3.85% during the past week and has dropped 1.65% in the last 4 week period. The stocks have underperformed the S&P 500 by 2.25% during the past week but NetScout Systems (NASDAQ:NTCT) it has outperformed the index in 4 weeks by 1.33%.

NetScout Systems, Inc. is a provider of network, application and service assurance solutions. The Company provides performance analytics that help enterprise, government and service provider customers manage service delivery and identify emerging performance problems. The Company designs, develops, manufactures, markets, licenses, sells and supports the products in hardware and software solutions that are used by commercial enterprises, governmental agencies and telecommunication service providers. The Company has three primary customer groups; enterprise customers, service provider customers and government customers. The Companys products include nGeniusONE Service Assurance Solution, nGenius Intelligent Data Sources, nGenius Packet Flow Switches and Taps, NetScout Test Optimization Products and nGenius NetFlow Solutions.

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