Short Interest Update on Patterson Companies (PDCO)

Patterson Companies (PDCO) : Traders are getting increasingly bearish on Patterson Companies (PDCO), as can be seen in the addition of short positions from 7,068,930 on Jul 29, 2016, to 7,798,421 on August 15, 2016. The net change in shorts is 729,491 shares, an increase of 10.3%. 7 days remain before the expiry. The 9.3% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 1,087,152. The short interest information was released on Wednesday Aug 24th after the market close.

Patterson Companies (NASDAQ:PDCO): The stock opened at $46.61 on Wednesday but the bulls could not build on the opening and the stock topped out at $46.74 for the day. The stock traded down to $45.47 during the day, due to lack of any buying support eventually closed down at $45.74 with a loss of -2.16% for the day. The stock had closed at $46.75 on the previous day. The total traded volume was 2,171,668 shares.


In a related news, The Securities and Exchange Commission has divulged that Gugino Ann B, officer (Vice President & CFO) of Patterson Companies, Inc., had unloaded 750 shares at an average price of $48.86 in a transaction dated on May 31, 2016. The total value of the transaction was worth $36,645.

Patterson Companies, Inc. is a distributor serving the dental, veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply, veterinary supply and rehabilitation supply. The Companys dental supply segment provides consumable products (including x-ray film, restorative materials, hand instruments and sterilization products); basic and advanced technology dental equipment; practice management and clinical software; patient education systems, and office forms and stationery. The Companys veterinary supply segment distributes veterinary supplies to companion-pet (dogs, cats and other common household pets), equine and large animal veterinarians and veterinary clinics, public and private institutions and shelters across the United States and in the United Kingdom. The rehabilitation supply segment distributes rehabilitation medical supplies and equipment.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.