SeaChange International June 15th Short Interest Update

SeaChange International (NASDAQ:SEAC) has witnessed a drop of 1.2% or 27,014 shares in its short figure. The short interest diminution took it from 2,265,810 on May 31,2016 to 2,238,796 on June 15,2016. In terms of floated shares, the short interest was calculated to be 6.7%. The days to cover are 9 given that the daily volume averaged 251,156 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

SeaChange International (NASDAQ:SEAC): The stock opened at $3.40 on Friday but the bulls could not build on the opening and the stock topped out at $3.44 for the day. The stock traded down to $3.33 during the day, due to lack of any buying support eventually closed down at $3.38 with a loss of -4.25% for the day. The stock had closed at $3.53 on the previous day. The total traded volume was 3,560,323 shares.

The company shares have dropped -51.92% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $7.55 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $3.41 and the 200 Day Moving Average price is recorded at $5.03.

SeaChange International (NASDAQ:SEAC) has tumbled 3.43% during the past week and has dropped 0.88% in the last 4 week period. The stocks have underperformed the S&P 500 by 1.83% during the past week but SeaChange International (NASDAQ:SEAC) it has outperformed the index in 4 weeks by 2.12%.

SeaChange International, Inc. (SeaChange) is engaged in the delivery of multiscreen video. The Companys products and services provide aggregation, licensing, management and distribution of video, primarily movies and television programming, and television advertising content to cable television system operators, telecommunications and media companies. The Company sells software products and services primarily to television service providers, including cable television system operators, telecommunications companies and media companies. The Companys business consists of three product areas: multiscreen video, television advertising and video gateway software. The Company offers multiscreen video products under two deployment options: on-site software licenses and on a SaaS basis. The Company offers SeaChange Infusion Advanced Advertising Platform, SeaChange Infusion AdPulse On-Demand Advertising Software and SeaChange AdFlow.

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