Vonage Holdings June 15th Short Interest Update

The short interest in Vonage Holdings (NYSE:VG) has declined from 6,398,961 on May 31,2016 to 6,303,423 on June 15,2016. The change was measured at 95,538 shares or 1.5%. The leftover shorts were 3.5% of the floated shares. The days to cover are 3, given the average daily volume of 2,327,230 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Vonage Holdings (NYSE:VG): The stock opened at $5.58 on Friday but the bulls could not build on the opening and the stock topped out at $5.83 for the day. The stock traded down to $5.55 during the day, due to lack of any buying support eventually closed down at $5.68 with a loss of -2.57% for the day. The stock had closed at $5.83 on the previous day. The total traded volume was 4,275,452 shares.

The company shares have rallied 16.87% from its 1 Year high price. On Nov 4, 2015, the shares registered one year high at $7.42 and the one year low was seen on May 13, 2016. The 50-Day Moving Average price is $4.66 and the 200 Day Moving Average price is recorded at $4.92.

Vonage Holdings (NYSE:VG) has climbed 4.6% in the past week and advanced 24.56% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 6.34% and the outperformance has advanced to 28.33% for the last 4 weeks period.

Vonage Holdings Corp. is a provider of telecommunications and unified communications-as-a-service (UCaaS) solutions, connecting people through cloud-connected devices around the world. The Company offers a scalable session initiation protocol (SIP)-based Voice over Internet Protocol (VoIP) network. Through this technology, it offers voice and messaging services, and other features around the world on various devices. This platform enables a user via a single identity, either a number or user name, to access and utilize services and features by being connected to the Internet over third generation (3G), Long-Term Evolution (LTE), cable or Digital Subscriber Line (DSL) broadband networks. The Company has operations in the United States, the United Kingdom, Brazil, Israel and Canada. Its brand, BasicTalk, is a home phone service offering unlimited calling throughout the United States. It is focused on providing UCaaS solutions to domestic consumers, and small and medium businesses.

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