Perrigo Company June 15th Short Interest Update

Perrigo Company (NYSE:PRGO), A rise of 1,762,495 shares or 27.9% was seen in the short interest of Perrigo Company PLC. Even as the interest increased from 6,309,470 shares on May 31,2016 to 8,071,965 shares on June 15,2016, the days to cover came in at 3. The updated interest stood at 5.9% of the stocks floats. The stock has seen an average daily volume of 2,760,715 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Perrigo Company (NYSE:PRGO): The stock opened at $91.53 on Friday but the bulls could not build on the opening and the stock topped out at $94.08 for the day. The stock traded down to $90.94 during the day, due to lack of any buying support eventually closed down at $91.01 with a loss of -4.40% for the day. The stock had closed at $95.20 on the previous day. The total traded volume was 3,016,164 shares.

The company shares have dropped -50.58% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $198.42 and the one year low was seen on May 13, 2016. The 50-Day Moving Average price is $95.65 and the 200 Day Moving Average price is recorded at $124.00.

Perrigo Company (NYSE:PRGO) has tumbled 7.17% during the past week and has dropped 5.8% 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 5.63%. Perrigo Company (NYSE:PRGO) has underperformed the index by 2.95% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

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