Viggle Inc. (NASDAQ:VGGL) Short Interest Update

Viggle Inc. (NASDAQ:VGGL) Short Interest Update
James Spence September 11, 2015

Viggle Inc. (NASDAQ:VGGL) has seen a rise of 229,869 shares or 10.3% in the short interest. The remaining shorts are 17.2% of the total floated shares. The net short interest, as on August 31,2015, stood at 2,469,570 shares and the stocks days to cover will be 5 by factoring in the average per day volume of 509,605 shares. On August 14,2015, 2,239,701 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on September 10th after the Market Close.

Viggle Inc. (NASDAQ:VGGL) : On Thursday heightened volatility was witnessed in Viggle Inc. (NASDAQ:VGGL) which led to swings in the share price. The shares opened for trading at $1.45 and hit $1.45 on the upside , eventually ending the session at $1.36, with a gain of 3.03% or 0.04 points. The heightened volatility saw the trading volume jump to 333,519 shares. The 52-week high of the share price is $4.88 and the company has a market cap of $32 million. The 52-week low of the share price is at $1.11 .

Currently the company Insiders own 38.6% of Viggle Inc. Company shares. In the past six months, there is a change of -0.79% in the total insider ownership. Institutional Investors own 22.3% of Company shares. During last 3 month period, 243.56% of total institutional ownership has changed in the company shares.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Revenue Officer) of Viggle Inc., Arrix Kevin had sold 42,000 shares worth of $91,980 in a transaction dated June 5, 2015. In this transaction, 42,000 shares were sold at $2.19 per share.

Shares of Viggle Inc. rose by 3.82% in the last five trading days and 0.74% for the last 4 weeks. Viggle Inc. has dropped 37.04% during the last 3-month period . Year-to-Date the stock performance stands at -48.48%.

Viggle Inc. is an incentive-based, interactive loyalty program and application that seeks to enhance the television viewing experience and make television more rewarding for viewers, advertisers and producers. In addition, the Company launched its music service, which allows consumers to check in to songs on Viggle and earn points. Viggle then allows consumers to play along with television shows, share comments through social media, answer trivia questions or polls, chat with friends, play games, or discover more about the show, all while watching television. Users can also use the application to discover new music. The app can listen to a song and identify it and allow users to build playlists and purchase the music. Effective December 16, 2013, Viggle Inc acquired Wetpaint Inc, a provider of social media content and data processing services. In June 2014, the Company acquired Choose Digital.

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