Net Element, Inc. shares had a trading volume of 76K by the end of trading on Tuesday. Volume was down 91.16% under the stocks average daily volume.
Short traders are feeling a little more bearish on shares of Net Element, Inc. lately if you watch the change in short interest. The company recorded a rise in short interest between September 29, 2017 and October 13, 2017 of 41.26%. Short shares grew from 144,762 to 204,493 over that period. The short-interest ratio decreased to 0.0 and the percentage of shorted shares was 0.12% on October 13.
The company is down by 1.87% since yesterday’s close of $4.72. Shares of the company are trading at $4.72 quite a bit lower than $5.96, the 50 day moving average and quite a bit below the 200 day moving average of $5.92. The 50 day moving average was down $-1.24 and the 200 day average went down by -20.33%.
Net Element, Inc., launched on October 2, 2012, is a holding company that conducts its operations through its subsidiaries. The Company is a global transaction processing technology and value-added solutions company. It operates through segments, including North America Transaction Solutions, Mobile Solutions, Online Solutions and Corporate Expenses & Eliminations. Through TOT Group Russia and Net Element Russia, it provides transactional services, mobile payment transactions, online payment transactions and other payment technologies in countries in the Russian Federation, Commonwealth of Independent States (CIS), Europe and Asia..