News Apple Update Apple Inc. Short Interest Disclosure

Apple Inc. (NASDAQ:AAPL) reported a rise of 11,628,205 shares or 19% in the short interest. The remaining shorts are 1.2% of the total floated shares. The net short interest, as on February 27,2015, stood at 72,721,976 shares and the stocks days to cover will be 1 by factoring in the average per day volume of 62,574,704 shares. On February 13,2015, 61,093,771 shares were shorted.
Apple Inc. (NASDAQ:AAPL) had a dismal day in the stock market. The counter had lost 2.07% or 2.63 points as per the last executed transaction. The stock opened at $126.41 and touched two extreme price points of $127.22 and $123.8 before concluding at $124.51. A total of 68,837,025 shares were traded on the exchange. The counter had ended the previous trading day at $127.14 per share. The stock has a 52-week high of $133.6 and a 52-week low of $73.0471. With approximately 5,824,748,000 shares available in free circulation, the company has a market cap of $725,239 million.

Apple Inc. (NASDAQ:AAPL) has dropped 1.45% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 6.45% in the last 4 weeks. In the past week, the counter has outperformed the S&P 500 by 0.13% and the outperformance increases to 5.64% for the last 4 weeks.

Apple Inc. (NASDAQ:AAPL) announced the earnings results for Fiscal Year 2015 and Quarter 1. The results came in during after-hours on January 27,2015. Company reported revenue of $74.60 Billion, above the estimates of $67.50 Billion. The revenues were $7.10 Billion or 10.52% above the estimates. Earnings per share were $3.06.The reported EPS was above estimates by $0.47 or 18.15 %. Analysts had estimated an EPS of $2.59.

Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Companys products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store. The Company distributes its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. In February 2012, the Company acquired app-search engine Chomp.
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