Qihoo 360 Technology Co. Ltd. June 15th Short Interest Update

The short interest in Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) has increased from 6,565,341 on May 31,2016 to 6,762,864 on June 15,2016. The change was measured at 197,523 shares or 3%. The leftover shorts were 7.5% of the floated shares. The days to cover are 6, given the average daily volume of 1,127,519 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Qihoo 360 Technology Co. Ltd. (NYSE:QIHU): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $74.41 and $74.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $75.27, notching a gain of 0.01% for the day. The total traded volume was 2,128,594 . The stock had closed at $75.26 on the previous day.

The company shares have rallied 12.16% from its 1 Year high price. On Apr 26, 2016, the shares registered one year high at $76.10 and the one year low was seen on Sep 14, 2015. The 50-Day Moving Average price is $72.77 and the 200 Day Moving Average price is recorded at $73.00.

Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) has climbed 3.75% in the past week and advanced 1.99% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 5.47% and the outperformance has advanced to 5.08% for the last 4 weeks period.

Qihoo 360 Technology Co. Ltd. is an Internet company. The Company is primarily engaged in the operations of Internet services in the Peoples Republic of China. The Companys core Internet and mobile security products include 360 Safe Guard, 360 Anti-virus and 360 Mobile Safe. The Company has developed various platform products to meet a range of security-related needs of Internet users and create access points to the Internet, which include 360 browsers; 360 Personal Start-up Page and its subpages; 360 Search, and 360 Mobile Assistant. The Companys services include online advertising, which include online advertising service solutions, such as sponsored links (advertising links), on its platform products; Internet value-added services, which include games developed by third parties to users, and Other services, which include enterprise information security products and related services, such as firewalls, gateways and Internet security monitoring systems to enterprise customers.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.