Sizmek (NASDAQ:SZMK) reported a rise of 1% or 8,943 shares in its short interest. The short figure came in at 4.7% of the total floats. The average daily volume of 71,282 shares suggests that the days to cover 884,219 short positions, as on June 15,2016, will be 12. On May 31,2016, the short interest was 875,276 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Sizmek (NASDAQ:SZMK): The stock opened at $2.31 on Friday but the bulls could not build on the opening and the stock topped out at $2.39 for the day. The stock traded down to $2.14 during the day, due to lack of any buying support eventually closed down at $2.30 with a loss of -4.96% for the day. The stock had closed at $2.42 on the previous day. The total traded volume was 1,995,625 shares.
The company shares have dropped -67.61% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $7.91 and the one year low was seen on Jun 24, 2016. The 50-Day Moving Average price is $2.45 and the 200 Day Moving Average price is recorded at $3.01.
Sizmek (NASDAQ:SZMK) has tumbled 5.35% during the past week and has dropped 6.12% 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 3.78%. Sizmek (NASDAQ:SZMK) has underperformed the index by 3.28% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Sizmek Inc. (Sizmek) is an open ad management company. The Company operates an independent online ad campaign management and distribution platform as measured by the number of advertising impressions served and the number of countries in which it serves customers. The Company helps advertisers, agencies and publishers engage with consumers across multiple online media channels (mobile, display, rich media, video and social). Its online campaign management platform, Sizmek MDX helps advertisers, agencies and publishers in managing their advertising budgets across multiple online media channels and formats, such as desktop, mobile, rich media, social media, in-stream video, interactive video, display and search. Its online ad serving technologies are divided into three categories, which include distribution technologies, analysis technologies and logic technologies. It connects approximately 17,000 advertisers and over 3,500 agencies to audiences in approximately 60 countries.