Synopsys June 15th Short Interest Update

Synopsys (NASDAQ:SNPS), A drop of 3,333 shares or 0.1% was seen in the short interest of Synopsys, Inc.. Even as the interest dropped from 3,992,471 shares on May 31,2016 to 3,989,138 shares on June 15,2016, the days to cover came in at 5. The updated interest stood at 2.7% of the stocks floats. The stock has seen an average daily volume of 819,058 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Synopsys (NASDAQ:SNPS): The stock opened at $52.02 on Friday but the bulls could not build on the opening and the stock topped out at $52.91 for the day. The stock traded down to $51.68 during the day, due to lack of any buying support eventually closed down at $52.08 with a loss of -3.43% for the day. The stock had closed at $53.93 on the previous day. The total traded volume was 1,983,778 shares.

The company shares have rallied 4.37% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $53.95 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $51.07 and the 200 Day Moving Average price is recorded at $46.84.

Synopsys (NASDAQ:SNPS) has tumbled 0.72% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.64% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.92% and the outperformance has advanced to 3.68% for the last 4 weeks period.

Synopsys, Inc. is engaged in providing technology solutions used to develop electronics and electronic systems. It supplies the electronic design automation (EDA) software that engineers use to design, create prototypes for and test integrated circuits, also known as chips. It also supplies software and hardware used to develop the systems that incorporate integrated circuits and the software that runs on those integrated circuits. Its intellectual property (IP) products are pre-designed circuits that engineers use as components of larger chip designs rather than redesigning those circuits themselves. It also provides technical services to support its solutions and it help its customers develop chips and electronic systems.

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