New Relic June 15th Short Interest Update

New Relic (NYSE:NEWR), A increase of 56,567 shares or 1.6% was observed in the short interest of New Relic, Inc. The interest on June 15,2016 came in at 3,697,600 shares and as per the average daily trading of 459,712 shares, the days to cover are 8. The increased interest is 13.7% of the floated shares. The data of May 31,2016 put the interest at 3,641,033 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

New Relic (NYSE:NEWR): The stock opened at $30.28 on Friday but the bulls could not build on the opening and the stock topped out at $30.86 for the day. The stock traded down to $29.88 during the day, due to lack of any buying support eventually closed down at $30.14 with a loss of -3.40% for the day. The stock had closed at $31.20 on the previous day. The total traded volume was 2,296,253 shares.

The company shares have dropped -12.81% from its 1 Year high price. On Nov 4, 2015, the shares registered one year high at $40.13 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $28.87 and the 200 Day Moving Average price is recorded at $28.62.

New Relic (NYSE:NEWR) has tumbled 0.3% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.94% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.36% and the outperformance has advanced to 6.05% for the last 4 weeks period.

New Relic, Inc. (New Relic) is a provider of enterprise software. The Companys cloud-based platform and range of products enables organizations to collect, store and analyze software data in real time. The Companys Software Analytics solution consists of an integrated suite of products, a data database and an open platform. Its products for technology users focus on software performance management and monitoring. New Relic offers an integrated suite of seven products, namely, New Relic APM, for application performance management; New Relic Mobile, mobile application performance management; New Relic Servers, for server monitoring for cloud and data centers; New Relic Browser, for end user experience monitoring and performance monitoring; New Relic Synthetics, for software testing through simulated usage; New Relic Plugins, plugins to extend its functionality into other applications, and New Relic Insights, for real-time big data analytics for business managers.

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