Nimble Storage (NYSE:NMBL), A reduction of 82,008 shares or 1.5% was observed in the short interest of Nimble Storage, Inc. The interest on June 15,2016 came in at 5,237,991 shares and as per the average daily trading of 1,210,283 shares, the days to cover are 4. The reduced interest is 9% of the floated shares. The data of May 31,2016 put the interest at 5,319,999 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Nimble Storage (NYSE:NMBL): The stock opened at $7.98 on Friday but the bulls could not build on the opening and the stock topped out at $8.11 for the day. The stock traded down to $7.84 during the day, due to lack of any buying support eventually closed down at $7.99 with a loss of -4.99% for the day. The stock had closed at $8.41 on the previous day. The total traded volume was 2,081,603 shares.
The company shares have dropped -71.45% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $29.15 and the one year low was seen on Feb 16, 2016. The 50-Day Moving Average price is $7.92 and the 200 Day Moving Average price is recorded at $7.77.
Nimble Storage (NYSE:NMBL) has tumbled 3.73% during the past week and has dropped 9.41% 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 2.14%. Nimble Storage (NYSE:NMBL) has underperformed the index by 6.67% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Nimble Storage, Inc. (Nimble Storage) engineers and delivers its customers with data storage platform. The Company has designed and sells a flash-optimized storage platform, Adaptive Flash. With the combination of the Companys file system, Cache Accelerated Sequential Layout (CASL), and its cloud-based storage management and support service, InfoSight, the Companys platform serves an array of enterprises and cloud-based service providers, and the Companys software and storage systems handle mainstream applications, including virtual desktops, databases, e-mail, collaboration and analytics. It enables information technology (IT) organizations to predict, manage and deliver the storage required to improve business applications and workloads across their IT environments. Its end-customers span a range of industries, such as cloud-based service providers, education, financial services, healthcare, manufacturing, state and local government and technology.