AAPL Is Looking to Challenge ATH

The AAPL stock price fluctuated between $159.64 and $162.14 throughout the trading session with the volume trading being 69M shares, which represented a negative variation when compared to the three months average volume of 78M shares.

The share price of Apple Inc. (NasdaqGS:AAPL) ran up 0.33% to close Wednesday’s market session at $161.94, higher as compared to yesterday’s close which brings the market valuation of the company to $2.66T.

The 52-week high for the Apple Inc.’s shares is $165.70. That puts it -2.5% from that peak with a 52-week low of $116.21, while the S&P 500’s share price change was of 31%.

What does the trading volume tell us about the AAPL stock?

During the last trading session, Apple Inc. (NasdaqGS:AAPL) has seen growth in its daily volume. The daily volume was of 78M, while in the last 10 days the average was 84.56M and last three months – 78.18M.

Shrinking short interest

The Apple Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 96.36M shares being shorted which translates into 1.14 of a short ratio for AAPL, while in the previous month the shorted shares were 108.94M.

Apple Inc.’s (NasdaqGS:AAPL) financials

With a market cap of $2.66T Apple Inc. holds a total cash of $61.7B that translates into $3.73 per share, while the total debt is of $135.49B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 36.40%. The current revenue is of $347.16B that is $20.61 per share.

This is a great sign for a bright future.