What Will Happen to Net Element Incorporated (NASDAQ:NETE) Next? The Stock Has Decline in Shorts

July 18, 2017 - By Winifred Garcia

 What Will Happen to Net Element Incorporated (NASDAQ:NETE) Next? The Stock Has Decline in Shorts

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

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