Short Interest Update on Extreme Networks (EXTR)

Extreme Networks (EXTR) : 6 days before expiry, shorts in Extreme Networks (EXTR) have reduced from 3,439,467 on Jul 29, 2016, to 3,260,757 on August 15, 2016. On an average, 569,153 shares are traded on the exchange. The outstanding bearish positions are equal to 3.2% of the float. Short sellers have covered -178,710 shares, a reduction of -5.2%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.

Extreme Networks (NASDAQ:EXTR): The stock opened at $3.99 on Wednesday but the bulls could not build on the opening and the stock topped out at $3.99 for the day. The stock traded down to $3.89 during the day, due to lack of any buying support eventually closed down at $3.92 with a loss of -1.01% for the day. The stock had closed at $3.96 on the previous day. The total traded volume was 242,633 shares.


In a related news, The Securities and Exchange Commission has divulged that Kispert John H, director of Extreme Networks Inc, had unloaded 15,000 shares at an average price of $4 in a transaction dated on August 8, 2016. The total value of the transaction was worth $60,000.

Extreme Networks, Inc., together with its subsidiaries, is a provider of wired and wireless network infrastructure equipment, software and services for enterprises, data centers and service providers. The Company sells its products through an ecosystem of the Company channel partners who combine its Ethernet products with their offerings to create information technology solutions for end user customers. Its product categories include modular Ethernet switching systems, stackable Ethernet switching systems, high-density wireless fidelity (WiFi), centralized management software, network access control (NAC) and bring your own device (BYOD) management, application analytics and software-defined networking (SDN). The Companys customers include businesses, hospitals, hotels, universities, sports venues, telecommunications companies and government agencies around the world.

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