Time (NYSE:TIME), A rise of 545,885 shares or 8.7% was seen in the short interest of Time Inc.. Even as the interest increased from 6,298,461 shares on May 31,2016 to 6,844,346 shares on June 15,2016, the days to cover came in at 7. The updated interest stood at 6.8% of the stocks floats. The stock has seen an average daily volume of 1,039,286 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Time (NYSE:TIME): The stock opened at $16.66 on Friday but the bulls could not build on the opening and the stock topped out at $16.99 for the day. The stock traded down to $16.45 during the day, due to lack of any buying support eventually closed down at $16.51 with a loss of -5.71% for the day. The stock had closed at $17.51 on the previous day. The total traded volume was 2,072,722 shares.
The company shares have dropped -28.22% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $24.03 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $15.81 and the 200 Day Moving Average price is recorded at $15.01.
Time (NYSE:TIME) has tumbled 1.2% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 7.21% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.44% and the outperformance has advanced to 10.45% for the last 4 weeks period.
Time Inc. is a media company. The Companys brands include People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, Travel + Leisure, Cooking Light, Fortune and Food & Wine, as well as approximately 50 titles in the United Kingdom, such as Decanter and Horse & Hound. The Company is engaged in celebrated events and franchises, including the Fortune 500, Time 100, Peoples Sexiest Man Alive, Sports Illustrateds Sportsman of the Year, the Food & Wine Classic in Aspen, the Essence Festival and the biennial Fortune Global Forum. It also provides content marketing, targeted local print and digital advertising programs, book publishing and marketing and support services, including subscription sales services for magazines and other products, retail distribution and marketing services and customer service and fulfillment services, for the Company and third-party customers, including other magazine publishers.