Verifone Systems June 15th Short Interest Update

Verifone Systems (NYSE:PAY) has shown a drop of 0.8% or 46,886 shares in the short positions. The bets have increased to 6,139,396 shares on June 15,2016 from 6,186,282 shares on May 31,2016. With respect to the floated shares, the shorts are 5.8%. The days to cover are calculated to be 1, using the standard per day volume of 7,104,275 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Verifone Systems (NYSE:PAY): The stock opened at $18.61 on Friday but the bulls could not build on the opening and the stock topped out at $18.89 for the day. The stock traded down to $18.12 during the day, due to lack of any buying support eventually closed down at $18.12 with a loss of -7.08% for the day. The stock had closed at $19.50 on the previous day. The total traded volume was 3,893,977 shares.

The company shares have dropped -46.69% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $35.45 and the one year low was seen on Jun 24, 2016. The 50-Day Moving Average price is $23.93 and the 200 Day Moving Average price is recorded at $25.54.

Verifone Systems (NYSE:PAY) has tumbled 3.51% during the past week and has dropped 32.08% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.91%. Verifone Systems (NYSE:PAY) has underperformed the index by 30.03% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

VeriFone Systems, Inc. (VeriFone), formerly VeriFone Holdings, Inc. is a holding company of VeriFone, Inc. The Company is engaged in the secure electronic payment solutions. Its system solutions consist of point of sale (POS) electronic payment devices that run its and third-party operating systems, security and encryption software, and certified payment software, as well as other third-party value-added applications. Its system solutions process a range of payment types. The Companys electronic payment systems are available in several modular configurations, offering its support to a range of connectivity options. The Company also offers customers technical support for installed payment systems, consulting services, and project management services for system deployment, and customization of integrated software solutions. It provides solutions, and services for the financial services, retail, petroleum, restaurant, hospitality, taxi, transportation, and healthcare markets.

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