Spirit Airlines June 15th Short Interest Update

The short interest in Spirit Airlines (NASDAQ:SAVE) has increased from 5,305,079 on May 31,2016 to 5,724,768 on June 15,2016. The change was measured at 419,689 shares or 7.9%. The leftover shorts were 8.1% of the floated shares. The days to cover are 5, given the average daily volume of 1,059,164 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Spirit Airlines (NASDAQ:SAVE): The stock opened at $42.00 on Friday but the bulls could not build on the opening and the stock topped out at $42.91 for the day. The stock traded down to $41.46 during the day, due to lack of any buying support eventually closed down at $42.29 with a loss of -3.65% for the day. The stock had closed at $43.89 on the previous day. The total traded volume was 2,710,424 shares.

The company shares have dropped -30.99% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $64.81 and the one year low was seen on Nov 16, 2015. The 50-Day Moving Average price is $42.76 and the 200 Day Moving Average price is recorded at $44.27.

Spirit Airlines (NASDAQ:SAVE) has tumbled 0.45% during the past week and has dropped 2.87% in the last 4 week period. In the past week, the company has outperformed the S&P 500 by 1.2% and the outperformance has advanced to 0.07% for the last 4 weeks period.

Spirit Airlines, Inc. is an airline company. The Companys all-Airbus fleet operates more than 300 daily flights to 56 destinations in the United States, Caribbean and Latin America. Its ultra-low-cost carrier (ULCC) business model provides low base fares with a range of optional services. The Companys route network includes approximately 151 markets served by 56 airports throughout North America, Central America, South America and the Caribbean. The Company operates international services to Aruba, the Bahamas, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Peru and St. Maarten, as well as Puerto Rico and the United States Virgin Islands.

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