Envestnet, Inc Short Interest Update

Envestnet, Inc (NYSE:ENV) has witnessed a rise of 2% or 34,522 shares in its short figure. The short interest augmentation took it from 1,740,592 on May 29,2015 to 1,775,114 on June 15,2015. In terms of floated shares, the short interest was calculated to be 5.2%. The days to cover are 6 given that the daily volume averaged 287,789 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th.

The company shares have dropped 10.66% in the past 52 Weeks. On March 20, 2015 The shares registered one year high of $58.21 and one year low was seen on October 13, 2014 at $37.76. The 50-day moving average is $45.1 and the 200 day moving average is recorded at $50.88. SP 500 has rallied 8.87% during the last 52-weeks.

Envestnet, Inc (NYSE:ENV) : On Thursday heightened volatility was witnessed in Envestnet, Inc (NYSE:ENV) which led to swings in the share price. The shares opened for trading at $42.8 and hit $43.12 on the upside , eventually ending the session at $42.89, with a gain of 0.66% or 0.28 points. The heightened volatility saw the trading volume jump to 176,876 shares. The 52-week high of the share price is $58.21 and the company has a market cap of $1,514 million. The 52-week low of the share price is at $37.76 .

Envestnet, Inc. (Envestnet), is a provider of wealth management solutions to financial advisors and institutions. Through its wealth management offerings, including Envestnet Advisor Suite and Envestnet PMC, it delivers a Web-based gateway to expert, objective, integrated wealth management solutions. Its centrally-hosted technology platform provides financial advisors with a range of investment solutions, services, investment managers and custodians to identify those that are appropriate for their clients. In December 2011, it acquired FundQuest Inc. In April 2012, it acquired Prima Capital Holding, Inc. In May 2012, the Company acquired Tamarac Inc. In July 2013, Envestnet Inc completed the acquisition of the assets of the Wealth Management Solutions division of Prudential Investments. In July 2014, the Companys subsidiary Envestnet Retirement Solutions, completed acquisition of Klein Decisions Inc.

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    Saturday, June 27th, 2015 EN

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