|Day Low/High||8.75 / 9.36|
|52 Wk Low/High||8.88 / 20.68|
In trading on Tuesday, shares of Internap Corp crossed below their 200 day moving average of $13.08, changing hands as low as $12.45 per share. Internap Corp shares are currently trading down about 7% on the day.
In trading on Friday, shares of Internap Corp crossed above their 200 day moving average of $13.47, changing hands as high as $13.55 per share. Internap Corp shares are currently trading up about 3.8% on the day.
The most recent short interest data was recently released for the 05/31/2018 settlement date, and Internap Corp is one of the most shorted stocks of the Russell 3000, based on 7.02 "days to cover" versus the median component at 4.67. There are a number of ways to look at short data, but one metric that we find particularly useful is the "days to cover" because it considers both the total shares short and the average daily volume of shares typically traded.
Improves Financial Flexibility through Approximately $5.4 Million Annual Savings
After a drop in software deals this year, MoffettNathanson suggests Oracle, Salesforce, Adobe, Microsoft and others should make acquisitions in the coming quarters.
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