Paycom Software June 15th Short Interest Update

Paycom Software (NYSE:PAYC), A increase of 332,014 shares or 4.5% was observed in the short interest of Paycom Software, Inc. The interest on June 15,2016 came in at 7,695,002 shares and as per the average daily trading of 649,688 shares, the days to cover are 12. The increased interest is 17% of the floated shares. The data of May 31,2016 put the interest at 7,362,988 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Paycom Software (NYSE:PAYC): The stock opened at $40.96 on Friday but the bulls could not build on the opening and the stock topped out at $41.62 for the day. The stock traded down to $40.45 during the day, due to lack of any buying support eventually closed down at $40.87 with a loss of -5.31% for the day. The stock had closed at $43.16 on the previous day. The total traded volume was 2,376,747 shares.

The company shares have rallied 18.88% from its 1 Year high price. On Nov 5, 2015, the shares registered one year high at $46.35 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $40.80 and the 200 Day Moving Average price is recorded at $35.45.

Paycom Software (NYSE:PAYC) has tumbled 2.37% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.07% in the last four weeks. The stocks have underperformed the S&P 500 by 0.74% during the past week but Paycom Software (NYSE:PAYC) it has outperformed the index in 4 weeks by 3.1%.

Paycom Software, Inc. is a provider of cloud-based HCM software solution delivered as SaaS. The Companys solution requires no customization and is -based on a core system of record maintained in a single database for all HCM functions. Talent acquisition includes applicant tracking, candidate tracker, background checks, on-boarding, e-verify and tax credit services. Time and labor management includes time and attendance, scheduling/schedule exchange, time-off requests, labor allocation and labor management reports/push reporting. Payroll includes payroll and tax management, Paycom pay, expense management and garnishment management. Talent management includes employee self-service, compensation budgeting, performance management, executive dashboard and Paycom learning. Human resources management includes document and task management, government and compliance, benefits administration, COBRA administration, personnel action forms, surveys and ACA dashboard.

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