Short Interest in New Relic Inc (NYSE:NEWR) Increases By 22.9%

Source: New Relic Inc (NYSE:NEWR) saw a significant increase in short interest in August. As of August 15th, there was short interest totalling 3,112,700 shares, an increase of 22.9% from the July 15th total of 2,532,900 shares. Approximately 6.5% of the shares of the company are short sold. Based on an average trading volume of 1,250,000 shares, the days-to-cover ratio is currently 2.5 days. New Relic stock opened at $56.31 on Thursday. The stock has a market capitalization of

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