PTC June 15th Short Interest Update

The short interest in PTC (NASDAQ:PTC) has increased from 1,416,873 on May 31,2016 to 1,589,731 on June 15,2016. The change was measured at 172,858 shares or 12.2%. The leftover shorts were 1.4% of the floated shares. The days to cover are 2, given the average daily volume of 985,754 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

PTC (NASDAQ:PTC): The stock opened at $37.78 on Friday but the bulls could not build on the opening and the stock topped out at $38.03 for the day. The stock traded down to $36.66 during the day, due to lack of any buying support eventually closed down at $36.75 with a loss of -6.70% for the day. The stock had closed at $39.39 on the previous day. The total traded volume was 2,456,679 shares.

The company shares have dropped -10.39% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $41.88 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $36.75 and the 200 Day Moving Average price is recorded at $33.48.

PTC (NASDAQ:PTC) has tumbled 4.25% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.23% in the last four weeks. The stocks have underperformed the S&P 500 by 2.66% during the past week but PTC (NASDAQ:PTC) it has outperformed the index in 4 weeks by 5.32%.

PTC Inc., develops and delivers technology solutions, comprised of software and services, that transform the way customers create and service their products The Company operates in two Software Products, which includes license and related support revenue for all its products except training-related products, and Services, which includes consulting, implementation, training and license and support revenue for computer-based training products. The Companys solutions and software products include Computer-Aided Design (CAD), Product Lifecycle Management (PLM), Application Lifecycle Management (ALM), Supply Chain Management (SCM) and Service Lifecycle Management (SLM). The Company generates revenue through the sale of software licenses, support and services.

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