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Categories: Enterprise Storage Western Digital

@WesternDigital Corporation (NASDAQ:WDC) has seen a shortfall of 4,487,175 shares or 19.3% in the short interest. The remaining shorts are 6.8% of the total floated shares. The net short interest, as on June 15,2016, stood at 18,718,531 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 5,656,142 shares. On May 31,2016, 23,205,706 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

#WesternDigital Corporation (NASDAQ:WDC): The stock opened at $48.19 on Friday but the bulls could not build on the opening and the stock topped out at $49.51 for the day. The stock traded down to $47.66 during the day, due to lack of any buying support eventually closed down at $47.84 with a loss of -5.85% for the day. The stock had closed at $50.81 on the previous day. The total traded volume was 7,480,833 shares.

The company shares have dropped -41.63% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $88.46 and the one year low was seen on May 16, 2016. The 50-Day Moving Average price is $43.83 and the 200 Day Moving Average price is recorded at $47.32.

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