Wix.com Ltd. June 15th Short Interest Update

Wix.com Ltd. (NASDAQ:WIX) has seen a rise of 228,575 shares or 20.8% in the short interest. The remaining shorts are 4.8% of the total floated shares. The net short interest, as on June 15,2016, stood at 1,326,947 shares and the stocks days to cover will be 2 by factoring in the average per day volume of 563,644 shares. On May 31,2016, 1,098,372 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Wix.com Ltd. (NASDAQ:WIX): The stock opened at $26.83 on Friday but the bulls could not build on the opening and the stock topped out at $27.60 for the day. The stock traded down to $26.31 during the day, due to lack of any buying support eventually closed down at $27.50 with a loss of -1.43% for the day. The stock had closed at $27.90 on the previous day. The total traded volume was 2,600,287 shares.

The company shares have rallied 18.23% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $29.47 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $26.96 and the 200 Day Moving Average price is recorded at $22.67.

Wix.com Ltd. (NASDAQ:WIX) has climbed 1.07% in the past week and advanced 2.54% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.74% and the outperformance has advanced to 5.64% for the last 4 weeks period.

Wix.com Ltd. is a Web development platform. The Company develops and markets an Internet service that allows users to create Web content. The Company offers its Web development, design and management solutions and apps through an online platform for businesses, organizations, professionals and individuals. Its Web development technology is built based on HTML5 and offers HTML5 compatible capabilities, Web design and layout tools, domain hosting, and other marketing and work flow management applications and services. By registering with the Companys Website, its users receive access to the Wix Editor, an online editor. The Companys cloud-based platform is accessed through a hosted environment, allowing its users to update their site and manage their business or organization at any time.

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