Glu Mobile Inc. (NASDAQ:GLUU) Closed Well Above Its 50 Day Average

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The stock is trading at $3.50 quite a bit above the 50 day moving average which is $2.90 and a great deal higher than the 200 day moving average of $2.49. The 50 day moving average went up by +20.62% and the 200 day average was up $1.01. Glu Mobile Inc. shares had a trading volume of 3,111K on Wednesday. Volume was down 36.96% under the stocks average daily volume.

Short traders are feeling a little more bullish on Glu Mobile Inc. of late if you watch the fall in short interest. The firm had a fall in short interest of -10.58% as of the latest report on August 15, 2017. Short interest decreased 1,551,099 over that period. Days to cover increased from 0.0 to 3.0 and the percentage of shorted shares was 0.10% on August 15.

There has been some selling insider activity on Glu Mobile Inc. (NASDAQ:GLUU) recently. Masi Niccolo De, Executive Chairman disclosed the sale of 339,648 shares. The shares were purchased at an average price of $2.59. De now owns $1,391,421 of the stock according to the SEC filing.

Here are a few additional firms who have increased or decreased their stake in (GLUU). Parallax Volatility Advisers, L.p. expanded its stake by buying 718,652 shares an increase of 2,292.5% from 03/31/2017 to 06/30/2017. Parallax Volatility Advisers, L.p. controls 750,000 shares worth $1,875,000. The value of the position overall is up by 2,540.8%. Kcg Holdings, Inc. reduced its position by selling 226,361 shares a decrease of 59.2% as of 06/30/2017. Kcg Holdings, Inc. currently owns 156,147 shares with a value of $390,000. The total value of its holdings decreased 55.1%.

As of quarter end Creative Planning had disposed of 4,901 shares trimming its stake by 9.8%. The value of the investment in (GLUU) decreased from $113,000 to $113,000 a change of 0.0% since the last quarter. As of the end of the quarter Integral Derivatives, LLC had bought a total of 22,958 shares growing its position 193.3%. The value of the company’s investment in Glu Mobile Inc. went from $27,000 to $87,000 increasing 222.2% for the reporting period.

The company is trading up from yesterday’s close of $3.43. As of the latest earnings report the EPS was $-0.80 and is projected to be $-0.09 for the current year with 135,414,000 shares outstanding. Next quarter’s EPS is expected be $-0.01 and the next full year EPS is anticipated to be $0.07.

Glu Mobile Inc., launched on November 16, 2006, develops, publishes and markets a portfolio of mobile games. The Company develops and publishes a portfolio of mobile games designed to appeal to a cross section of the users of smartphones and tablet devices. Its portfolio of mobile games is spread across various genres, including Fashion and Celebrity, Food, Sports and Action, Social Networking and Home. Its portfolio of games include Contract Killer, Cooking Dash, Covet Fashion, Deer Hunter, Design Home, QuizUp, Racing Rivals and Tap Sports Baseball, as well as games based on third party licensed brands, including Gordon Ramsay DASH, Kendall & Kylie, and Kim Kardashian: Hollywood..