After Reaching Milestone, Is Net Element Incorporated (NASDAQ:NETE)’s Short Interest Revealing Something?

July 18, 2017 - By Migdalia James

 After Reaching Milestone, Is Net Element Incorporated (NASDAQ:NETE)’s Short Interest Revealing Something?

The stock of Net Element Incorporated (NASDAQ:NETE) registered a decrease of 1.69% in short interest. NETE’s total short interest was 493,100 shares in July as published by FINRA. Its down 1.69% from 501,600 shares, reported previously. With 50,700 shares average volume, it will take short sellers 10 days to cover their NETE’s short positions. The short interest to Net Element Incorporated’s float is 3.68%.

The stock decreased 0.68% or $0.003 on July 17, reaching $0.47. About shares traded. Net Element International Inc (NASDAQ:NETE) has declined 72.50% since July 18, 2016 and is downtrending. It has underperformed by 89.20% the S&P500.

More notable recent Net Element International Inc (NASDAQ:NETE) news were published by: Marketwired.com which released: “Net Element’s Unified Payments to Offer Planet Payment’s Multi-Currency …” on March 21, 2017, also Marketwired.com with their article: “Net Element’s PayOnline Announces Partnership with Payvision in Europe …” published on June 21, 2017, Seekingalpha.com published: “Net Element: Undervalued Payment Processor Focused To Grow” on October 30, 2014. More interesting news about Net Element International Inc (NASDAQ:NETE) were released by: Marketwired.com and their article: “Net Element Releases Update Letter to Shareholders” published on July 12, 2017 as well as Seekingalpha.com‘s news article titled: “Net Element’s (NETE) CEO Oleg Firer on Q4 2016 Results – Earnings Call Transcript” with publication date: April 03, 2017.

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