Veeva Systems June 15th Short Interest Update

Veeva Systems (NYSE:VEEV) has seen a shortfall of 719,904 shares or 7.7% in the short interest. The remaining shorts are 10.2% of the total floated shares. The net short interest, as on June 15,2016, stood at 8,680,568 shares and the stocks days to cover will be 4 by factoring in the average per day volume of 1,974,831 shares. On May 31,2016, 9,400,472 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Veeva Systems (NYSE:VEEV): The stock opened at $33.92 on Friday but the bulls could not build on the opening and the stock topped out at $34.48 for the day. The stock traded down to $33.59 during the day, due to lack of any buying support eventually closed down at $34.30 with a loss of -2.03% for the day. The stock had closed at $35.01 on the previous day. The total traded volume was 3,777,986 shares.

The company shares have rallied 22.50% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $35.69 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $31.66 and the 200 Day Moving Average price is recorded at $27.07.

Veeva Systems (NYSE:VEEV) has climbed 1.96% in the past week and advanced 6.59% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.65% and the outperformance has advanced to 9.81% for the last 4 weeks period.

Veeva Systems Inc. (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Companys industry cloud for life sciences consists of the solution sets: Veeva CRM, its core customer relationship management solution and related solutions; Veeva Vault, its regulated content management and collaboration solutions; Veeva Network, its customer master data management solution, and Veeva OpenKey, its data and related services offerings. It provides updates to its software solutions three times per year. Updates are included in its subscription and are not subject to an additional fee. Upgrades are implemented by Veeva in its cloud computing environment such that when a new update is put into production, the prior version is replaced. Veeva OpenKey customer data is available in Australia, China, France, Italy, the United Kingdom and the United States.

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