AMZN Sees an Increase in Volume

During the last session 7M of Amazon.com, Inc. (NasdaqGS:AMZN)’s shares were traded. The stock closed at $2328.14 per share indicating that it lost -$190.43 or -7.56% during that day which brings the Amazon.com, Inc.’s valuation to $1.26T.

The 52-week high for the Amazon.com, Inc.’s shares is $3,773.08. This is the highest price the AMZN shares have gotten with a great gain of -23.49% since the share price dropped to a 52-week low of $2,301.45.

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

During the last trading session, Amazon.com, Inc. (NasdaqGS:AMZN) has seen growth in its daily volume. The daily volume was of 7M, while in the last 10 days the average was 5.38M and last three months – 3.68M.

Shrinking short interest

The Amazon.com, Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 3.55M shares being shorted which translates into 1.13 of a short ratio for AMZN, while in the previous month the shorted shares were 4.23M.

Amazon.com, Inc. (NasdaqGS:AMZN)’s financials

With a market cap of 1.26T, Amazon.com, Inc. holds a total cash of $66.38B that translates into $130.54 per share, while the total debt is of $113.29B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 7.30%. The current revenue is of $477.75B that is $941.84 per share.

This is a great sign for a bright future.

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