Moodys Corporation (MCO) : Traders are increasing their bearish positions on the stock, as is visible by the 1.2% jump in the outstanding short positions; a total addition of 51,411 shares on the sell side. On Jul 29, 2016, the total short positions were 4,239,292 shares, which went up to 4,290,703 shares by the close of trading on August 15, 2016. It will take 6 days for the bears to roll over or cover. An average of 769,754 shares exchange hands daily. 2.2% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
Moodys Corporation (NYSE:MCO): The stock opened at $105.48 on Wednesday but the bulls could not build on the opening and the stock topped out at $106.15 for the day. The stock traded down to $105.31 during the day, due to lack of any buying support eventually closed down at $105.56 with a loss of -0.07% for the day. The stock had closed at $105.63 on the previous day. The total traded volume was 593,191 shares.
In a related news, The Securities and Exchange Commission has divulged that Worrall Blair, officer (SVP-Ratings Delivery and Data) of Moodys Corp /De/, had unloaded 11,054 shares at an average price of $103.66 in a transaction dated on August 11, 2016. The total value of the transaction was worth $1,145,858.
Moodys Corporation (Moodys) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services; quantitative credit risk measures, financial services training and certification services, and outsourced research and analytical services to financial institution customers. The Company operates in two segments: Moodys Investors Service (MIS) and Moodys Analytics (MA). The Companys MIS segment publishes credit ratings on a range of debt obligations and the entities that issue such obligations in markets across the world, including various corporate and Governmental obligations, structured finance securities and commercial paper programs. The Companys MA segment develops a range of products and services that support financial analysis and risk management activities of institutional participants in financial markets.