Verint Systems (NASDAQ:VRNT), A reduction of 285,212 shares or 11.8% was observed in the short interest of Verint Systems Inc. The interest on June 15,2016 came in at 2,127,955 shares and as per the average daily trading of 765,973 shares, the days to cover are 3. The reduced interest is 3.5% of the floated shares. The data of May 31,2016 put the interest at 2,413,167 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Verint Systems (NASDAQ:VRNT): The stock opened at $33.62 on Friday but the bulls could not build on the opening and the stock topped out at $34.06 for the day. The stock traded down to $33.30 during the day, due to lack of any buying support eventually closed down at $33.58 with a loss of -4.71% for the day. The stock had closed at $35.24 on the previous day. The total traded volume was 2,920,519 shares.
The company shares have dropped -44.20% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $62.50 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $33.94 and the 200 Day Moving Average price is recorded at $35.64.
Verint Systems (NASDAQ:VRNT) has tumbled 2.75% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.63% in the last four weeks. The stocks have underperformed the S&P 500 by 1.14% during the past week but Verint Systems (NASDAQ:VRNT) it has outperformed the index in 4 weeks by 3.67%.
Verint Systems Inc. is a company engaged in Actionable Intelligence solutions. The Companys Actionable Intelligence solutions address: Customer Engagement Optimization; Security Intelligence; and Fraud, Risk and Compliance. The Company offers services, such as strategic consulting, implementation services, training, maintenance and 24 x 7 support, as well as deployment models, including on premises, hosted, managed services and software as a service (SaaS). The Company has three operating segments. The Company addresses the Customer Engagement Optimization market opportunity through solutions from its Enterprise Intelligence Solution segment. It addresses the Security Intelligence market opportunity through solutions from its Communications and Cyber Intelligence Solutions, and Video and Situation Intelligence Solutions, and it addresses the Fraud, Risk and Compliance market opportunity through solutions from all the three operating segments.