Oclaro (NASDAQ:OCLR) reported a rise of 2.8% or 730,303 shares in its short interest. The short figure came in at 26.6% of the total floats. The average daily volume of 2,036,546 shares suggests that the days to cover 27,292,612 short positions, as on June 15,2016, will be 13. On May 31,2016, the short interest was 26,562,309 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Oclaro (NASDAQ:OCLR): The stock opened at $4.70 on Friday but the bulls could not build on the opening and the stock topped out at $4.88 for the day. The stock traded down to $4.62 during the day, due to lack of any buying support eventually closed down at $4.79 with a loss of -3.82% for the day. The stock had closed at $4.98 on the previous day. The total traded volume was 4,254,288 shares.
The company shares have rallied 115.77% from its 1 Year high price. On May 4, 2016, the shares registered one year high at $5.69 and the one year low was seen on Jul 8, 2015. The 50-Day Moving Average price is $4.85 and the 200 Day Moving Average price is recorded at $4.46.
Oclaro (NASDAQ:OCLR) has tumbled 5.34% during the past week and has dropped 4.01% 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 3.77%. Oclaro (NASDAQ:OCLR) has underperformed the index by 1.1% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Oclaro, Inc. is a provider of optical components, modules and subsystems for the optical transport, service provider, enterprise and data center markets. The Company supplies optical network technology to telecommunication and data communication equipment companies across the world. The Company designs, manufactures and markets optical components, modules and subsystems that generate, detect, combine and separate light signals in optical communications networks. Its product offerings include client side transceivers, line side transceivers, tunable laser transmitters, lithium niobate modulators, transponder modules and receivers. The Company supplies optical products, including tunable lasers, external modulators, integrated lasers and modulators and receivers. The Company also supplies products at the module and subsystem levels, including transceivers, transponders and controlled subsystems.