The short interest in SouFun Holdings Limited (NYSE:SFUN) has increased from 19,505,583 on May 31,2016 to 20,281,930 on June 15,2016. The change was measured at 776,347 shares or 4%. The leftover shorts were 6.4% of the floated shares. The days to cover are 3, given the average daily volume of 5,873,392 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
SouFun Holdings Limited (NYSE:SFUN): The stock opened at $5.00 on Friday but the bulls could not build on the opening and the stock topped out at $5.12 for the day. The stock traded down to $4.92 during the day, due to lack of any buying support eventually closed down at $5.11 with a loss of -1.54% for the day. The stock had closed at $5.19 on the previous day. The total traded volume was 2,957,533 shares.
The company shares have dropped -37.15% from its 1 Year high price. On Jun 30, 2015, the shares registered one year high at $8.63 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $5.37 and the 200 Day Moving Average price is recorded at $5.81.
SouFun Holdings Limited (NYSE:SFUN) has tumbled 1.54% during the past week and has dropped 6.41% in the last 4 week period. The company has outperformed the S&P 500 by 0.09% in the past week but underperformed the index by 3.58% in the last 4 weeks.
SouFun Holdings Limited operates as a real estate Internet portal in China. The Company also operates home furnishing and improvement Websites. Its Websites and mobile applications support online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China. The Companys www.fang.com Website contains contents covering more than 350 cities across China, as well as Hong Kong, Taiwan, Singapore and Vancouver, Canada. This Website also contains links to other specialized real estate and home furnishing and improvement Websites, including its www.jiatx.com Website, its e-commerce transaction and payment platform, and its.txdai.com Website, its financing platform. The Companys service offerings include marketing services, e-commerce services, listing services and other value-added services.