What’s Next for Avaya Holdings Corp (NYSE:AVYA) After Having More Shares Shorted?

October 2, 2018 - By Hugh Holland

The stock of Avaya Holdings Corp (NYSE:AVYA) registered an increase of 8.03% in short interest. AVYA’s total short interest was 9.81 million shares in October as published by FINRA. Its up 8.03% from 9.08M shares, reported previously. With 878,700 shares average volume, it will take short sellers 11 days to cover their AVYA’s short positions. The short interest to Avaya Holdings Corp’s float is 10.55%.

The stock decreased 0.16% or $0.035 during the last trading session, reaching $21.635. About 331,147 shares traded. Avaya Holdings Corp. (NYSE:AVYA) has 0.00% since October 2, 2017 and is . It has underperformed by 15.62% the S&P500.

Avaya Holdings Corp. operates as a holding firm which through its subsidiary, develops business collaboration and communications solutions worldwide. The company has market cap of $2.38 billion. The firm was formerly known as Sierra Holdings Corp. It has a 2.07 P/E ratio. The firm was incorporated in 2007 and is based in Santa Clara, California.

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