Short Interest Update on Cornerstone OnDemand (CSOD)

Cornerstone OnDemand (CSOD) has 2,092,433 shares of shorts outstanding as on August 15, 2016, with 3 days left to cover or roll them over. On Jul 29, 2016, the open interest of short positions was 2,192,541 shares. The stock has a decent trading volume of 637,894 shares daily. The marginal decrease in the short positions is by -4.6%, which amounts to -100,108 shares. Short positions are 4.2% of the available float. The short interest information was released on Wednesday Aug 24th after the market close.

Cornerstone OnDemand (NASDAQ:CSOD): The stock opened at $44.83 on Wednesday but the bulls could not build on the opening and the stock topped out at $44.95 for the day. The stock traded down to $44.00 during the day, due to lack of any buying support eventually closed down at $44.16 with a loss of -1.08% for the day. The stock had closed at $44.64 on the previous day. The total traded volume was 229,198 shares.


In a related news, The Securities and Exchange Commission has divulged that Goldin Mark, officer (Chief Technology Officer) of Cornerstone Ondemand Inc, had unloaded 4,062 shares at an average price of $44.7 in a transaction dated on August 9, 2016. The total value of the transaction was worth $181,571.

Cornerstone OnDemand, Inc. is a provider of talent management solutions delivered as Software-as-a-Service (SaaS). Cornerstones Enterprise and Mid-Market solution is a cloud-based suite that addresses hiring, developing, engaging employees throughout their careers. The Company also offers Cornerstone Growth Edition, which is a cloud-based talent management solution with learning and performance product offerings targeted to organizations with fewer than 400 employees. The Companys product offerings include Cornerstone Recruiting, Cornerstone Onboarding, Cornerstone Learning, Cornerstone Performance, Cornerstone Succession, Cornerstone Compensation, Cornerstone Extended Enterprise and Cornerstone for Salesforce. The Companys clients include multi-national companies, large domestic and foreign-based enterprises, mid-market companies, public sector organizations, higher education institutions and non-profit entities.

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