Pitney Bowes June 15th Short Interest Update

Pitney Bowes (NYSE:PBI) has shown a drop of 9.2% or 1,267,142 shares in the short positions. The bets have increased to 12,536,916 shares on June 15,2016 from 13,804,058 shares on May 31,2016. With respect to the floated shares, the shorts are 6.7%. The days to cover are calculated to be 9, using the standard per day volume of 1,409,901 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Pitney Bowes (NYSE:PBI): The stock opened at $17.40 on Friday but the bulls could not build on the opening and the stock topped out at $17.70 for the day. The stock traded down to $17.10 during the day, due to lack of any buying support eventually closed down at $17.10 with a loss of -6.04% for the day. The stock had closed at $18.20 on the previous day. The total traded volume was 3,840,065 shares.

The company shares have dropped -19.26% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $21.81 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $18.27 and the 200 Day Moving Average price is recorded at $19.32.

Pitney Bowes (NYSE:PBI) has tumbled 4.63% during the past week and has dropped 7.82% 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 3.05%. Pitney Bowes (NYSE:PBI) has underperformed the index by 5.03% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Pitney Bowes Inc. is a provider of technology solutions. The Company offers solutions for direct mail, transactional mail, customer engagement management and analytics, and e-commerce parcel management, along with digital channel messaging for the Web, e-mail and mobile applications. The Companys business is organized around three sets of solutions: small and medium business (SMB) Solutions, enterprise business solutions and digital commerce solutions (DCS). Its Enterprise Business Solutions includes equipment and services to process inbound and outbound mail. Its SMB Solutions provides a range of mailing equipment and postage meters, maintenance, and support services and supplies. Its DCS provides a range of software solutions, customer engagement and communication solutions, data management products and solutions, e-commerce parcel management solutions and targeted direct marketing programs. Its subsidiaries include The Pitney Bowes Bank (the Bank) and Borderfree, Inc.

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