Equinix (EQIX) : Traders are negative on Equinix (EQIX), as it has 2.5% of short positions outstanding compared to its float. The total shorts have reduced by -136,453 shares, which is a -7.2% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,1,907,316 to 1,770,863 shares. While the daily trading volume of the stock is 545,011, there are 3 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Equinix (NASDAQ:EQIX): The stock opened at $367.63 on Wednesday but the bulls could not build on the opening and the stock topped out at $369.51 for the day. The stock traded down to $363.89 during the day, due to lack of any buying support eventually closed down at $364.77 with a loss of -0.92% for the day. The stock had closed at $368.14 on the previous day. The total traded volume was 495,420 shares.
In a related news, The officer (Chief Marketing Officer), of Equinix Inc, Baack Sara had unloaded 300 shares at $368.76 per share in a transaction on August 15, 2016. The total value of transaction was $110,628. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Equinix, Inc. is a networking company. The Company provides data center offerings primarily consisting of colocation, interconnection solutions and managed IT infrastructure services. The Companys colocation offerings include Cabinets, Power and IBXflex. Cabinets allows customer for colocating networking, server and storage equipment. Power is an element of increasing importance in customers colocation decisions. IBXflex allows customers to deploy mission-critical operations personnel and equipment on-site at its IBX data centers. The Companys interconnection solutions enable scalable, reliable and cost-effective interconnection and traffic exchange between Equinix customers. The Company offers managed IT infrastructure services, such as Equinix Professional Services, which offers practical guidance and proven solutions to help customers optimize and future-proof the data center architectures.